13748. Bank of Wymore (Wymore, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
August 21, 1896
Location
Wymore, Nebraska (40.122, -96.663)

Metadata

Model
gpt-5-mini
Short Digest
94fcd2e9

Response Measures

None

Description

Multiple contemporary newspapers report the Bank of Wymore closed its doors (Beatrice dispatches dated Aug 21–22, 1896). Reports explicitly state no run occurred; directors closed because of slow collections and inability to renew loans. Later state records list the bank among suspended state depositories owing the state funds and suggest recovery actions — no evidence in these articles that the bank reopened, so classified as suspension leading to permanent closure. Governor's message gives a slightly different suspension date (Aug 2) — likely minor reporting/date discrepancy in sources.

Events (1)

1. August 21, 1896 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Directors closed the bank because of slow collections and inability to renew loans (balance-sheet/liquidity problems rather than depositor run).
Newspaper Excerpt
The Bank of Wymore closed its doors this morning. ... No run was made on the bank, the directors deeming it advisable to close on account of slow collections and inability to renew loans.
Source
newspapers

Newspaper Articles (10)

Article from New-York Tribune, August 22, 1896

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A NEBRASKA BANK CLOSED. Beatrice, Neb., Aug. 21.-The Bank of Wymore closed its doors this morning. No statement of assets or liabilities is obtainable. It was one of the depositories for Gage County; $6,000 are on deposit, amply protected by $86,000 in bonds. No run was made on the bank, the directors deeming it advisable to close on account of slow collections and inability to renew loans.


Article from The Salt Lake Herald, August 22, 1896

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A Bank Closes. Beatrice, Neb., Aug. 21.-The Bank of Wymore closed its doors this morning. No statement of assets or liabilities is obtainable. It was one of the depositories for Gage county. Six thousand dollars are on deposit, amply protected by $86,000 in bonds. No run was made on the bank, the directors deeming it advisable to close on account of the slow collections and inability to renew loans.


Article from The San Francisco Call, August 23, 1896

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A Nebraska Bank Closed. BEATRICE, NEBR., Aug. 22.-The Bank of Wymore closed its doors to-day. No statement of assets or liabilities is obtainable. it was one of the depositories for Gage County. Six thousand dollars is on deposit, amply protected by $86,000 in bonds. No run was made on the bank, the directors deeming it advisable to close on account of slow collections and inability to renew loans.


Article from Marietta Daily Leader, August 24, 1896

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CONDENSED NEWS, Gathered From All Parts of the Country by Telegraph. The United States cruiser Brooklyn left Cramp's shipyard, Philadelphia, at 8 a. m. Saturday for her official trial trip off the Massachusetts coast. The eleventh national encampment of the Union Veterans union at Binghampton, N. Y., adjourned, Friday. to convene a year hence at Springfield, O. Fire destroyed an old two-story house at First and I streets, San Diego, Cal., shortly before midnight, and caused the death of Nellie Bailey and probably two other persons. Lord Russell and party sat for their photographs at the United States hotel, Saratoga, N. Y., Friday. Afterwards they were photographed at the studio of a promisent firm. Ex-Gov. Flower was elected president of the the Sound Money Democratic club, of Watertown, N. Y., at its meeting Friday night. The organization has over 150 members. Li Hung Chang, special ambassador of the emperor of China, with his suite, left Waterloo Station at 9'o'clock Saturday morning for Southampton, where he embarks on board the American line steamer St. Louis for New York. In the First district of Mississippi, Congressman John M. Allen has been nominated as his own successor, over E. S. Candler, and in the Second district W. D. Sullivan, a leading lawyer of Oxford, was named by a convention Friday afternoon to succeed J. C. Kyle. A special from from Cumberland, Md., says: Samuel Reinheimer, of Cameron, W. Va., one of the largest merchants of West Virginia has made an assignment. The liabilities, according to claims filed thus far, are $150,000, largely held by Wheeling wholesale dealers. Albert George Whitehead, the IrishAmerican dynamiter, who, with Dr. Gallagher, also an American, was sentenced in June, 1883, to life imprisonment, was released from Portland prison at 7 o'clock Saturday morning and immediately started for Weymouth, where he took a train for London. Col. Wm. Lamb, chairman of the Virginia state republican committee, announces that the national committee of the party has, after conference with him, withdrawn Dyer in the Second congressional district and Gee in the Fourth. In each of these distrists there were two nominations for congress. The other nominees are Wise, in the Second, and Thorp in the Fourth. The bank of Wymore, Neb., closed its doors Friday morning. No statement of assets or liabilities are obtainable. It was one of the depositories for Gage county. Six thousand dollars are on deposit, amply protected by $86,000 in bonds. No run was made on the bank. the directors deeming it advisable to close on account of slow collections and inability to renew loans. It is stated that Michael and John Cudahy, the well known millionaire packers of Chicago, have bought the entire plant of the Northern Indiana Oil Co. in Adams and Wells counties, Indiana, and intend building a pipe line from the wells into Chicago. It is said they have already ordered 170 miles of six inch pipe, and that work will be started on the line as soon as possible,


Article from The Durham Recorder, August 27, 1896

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Nebraska Bank in Trouble. BEATRICE, Neb., Aug, 21.The Bank of Wymore closed its doors this morning. No statement of assets or liabilities are obtainable. It is one of the depositories for Gage county. Six thousand dollars are on deposit, amply protected by $85,000 in bonds. No run was made on the bank, the directors deeming it advisable to close on account of slow collections and inability to renew loans.


Article from The Abbeville Press and Banner, September 9, 1896

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Domestic. 'SHATO RHL 30 08003H Per Feb Clubs. Won. Lost, ct. Clubs. Won. Lost. ILT' 99 67 g 33 IL Cincinnati69 36 657 New York49 57 .462 .669 LG 49 68 19 888' 89 94 62 Chicago Pittsburg. 46 .558 St. Louis.33 71 .317 2555 94 26 48 Boston The Miami Powder Works, at Goes Station. Ohio, were blown up. The report was heard fifty miles distant. Frank Eich. general foreman, and Silas Figgins, boss carpenter, were killed. Silas D. Mead, a farmer, living in North Greenwich, Conn., died from injuries in. flicted by a bull. He was seventy-seven years old and one of the wealthiest and best known men in the State. D. D. Woodmansee, of Ohio, was chosen President of the Republiean National League by the convention at Milwaukee, Wis. . The Emerson Piano Company, with factory and store in Boston, Mass., and branch stores in New York and Chicago, has made UB Tbe Canada defeated the Vencedor for the second time on Lake Erie, thereby winning the international yachting championship of the lakes. The locked-out men of the Brown Hoisting and Conveying Works, Cleveland. Ohio, voted to return to work, and the famous strike. productiveof several battles riots, is broken. New Jersey's gold standard Democrats, in convention at Trenton, reaffirmed the financial plank in the platform adopted by the regular State Convention in May. It declares for the gold standard. Would-be lynchers who tried to shoot Dave Williams near Mount Tabor, N. J., for penos 9.10A 'UBWOM B uo assanti allegad UU 118! 07 usm eth 3001 oun constable U Aq Captain Burnside and twenty-three men cf the steamship Moldava, which was sunk by collision with a berg, reached New York on board the Anchor line steamship Circas'BIS Speaker Thomas B. Reed addressed a Republican mass meeting at Old Orchard, Me. The international yacht race on Lake Erie Canada. boat eur 4q UOM SUM SEM "'I N to Postoffee euL again entered by burglars, arousing the Postmaster, who shot one of them as he was running away in the darkn 99. In the preliminary or practice trial the United States cruiser Brooklyn developed Supemproadds closely peeds uu twenty-one knots. The trial was made over the Government official course from off Cape Ann, Mass., to a point off Cape Porreturn. pus "*" poise The through express train from Chicago on the Pittsburg and Western Railroad was wrecked at Valencia, Penn., and more than 10 anop 'pern(u) 9.10A 10 92008 8 them fatally. The Republican campaign was formally opened in Indiana. It is estimated that BUO-A)XIS eqf up 2000000 meetings. Charles W. Fairbanks spoke in Indianapolis. "Chris" Lovering, a desperado and outlaw, -unon JO do1 eq: uo captured SBM tain by a detective, George D. Totten, of TN The State Convention of the National Prohibition party in North Carolina nominated IIII 8 pus JOJ NOH M T "Aev eqf tellet. State H. W. Reed. Populist National Committeeman from Georgia, bas resigned the PresiBruns- JO Bank National Rists the JO Kouep em up believer a us Dajeq becaused free coinage of silver, he could not conform associates rueq his IO mishes the 01 Frederick Gordon Rew, the Cornell student no "X N the oqm 01 pesoddns SUM oqa pus 1894 & October have met with foul play, has been heard from. His father, Fabian B. Rew. of Buffalo, received a letter from him. dated in India. punoq pus poos up SEM by that status for home. John Henke, an old miser. of Burlington, JOJ death 07 beaten a stratured SUM "I 'N his money by unknown persons. eujp 01 Bryan T 'At Person II!H Senator "X N Roost 18 min 4114 and the invitation was accepted. Four men were killed by the wreck of a -UON uj Rood Pack! Northern the uo that 'BUB' Mrs. Henry M. Stephenson, of Boston, Incure- uu 10 eip 01 home Mass. ble trouble, jumped from the steamship *реимолр SUM pus UI The safe in the Elberon (N. J.) Postoffice 'yonna plon V pus uedo UMO[Q SUM 150[ AleM STIS pus 'espeq plog B by Mr. Fay. Two registered letters and many sheets of postage stamps also were stolen. Lord Russell of Killowen, Lord Chief Justice of England. addressed the American Bar uo "X 'N u! Association Arbination puu MUT A report was current in Boston, Mass., that the Western Union Telegraph Company had obtained control of the Bell Telephone Companies. The united capital of the com'000'000'0918 S1 bluetion Apartments for LI Hung Chang were engaged at the Waldorf. New York City. PresiFormer JO sens ATT eq IIIM CHerlead quep 11141 by esnoq 18 Secretary receive the Chinese Envoy. The Stock Yards branch of the American oqi 10 puoces out no Bank, NATION Live Stock Exchange, Kansas City, Mo., was "Aq cash up 00 % jo robbed The Bank of Wymore, Nebraska. closed its JOJ deprestroses out 10 euo SBM II "sroop Gage County: 86000 are on deposit, amply SUAL una ON spuoq u! 000'98$ 10 11 Supmeep Phicotors eq: bank eq: uo collec- MOIS 10 account no close 01 advision tions and inability to ienew loans. A dispatch from North Baltimore, Ohio, 0140 eq: Company, 110 0140 the 1897 shas branch of the Standard, decided to reduce Buckere our IIV u! stedwind 10 serves the 0009 Abbut mouth. U 098 01 098 spied men are affected. Mrs. Wilson Terry, of Stillwater. N.Y., was missed from her home. A domestic XJS paSu state em 10 one punoj eq: irq crib 12 up dealse Vears, inoj pus youngest child, two months old, had been drowned by being plunged head first into a slop jar. The searching party traced the one 10 quantity the 01 mother Canal. After dragging the canal her body undepended SUM pujui "*" recoverd SUM "The Atlantic squadron returned from its Totuling NO puu 103 ville, Staten Island, New York Harbor. Leopold Weil & Co., jewelry manufacturers, of New York City, were forced to transfer their stock and accounts to their principal creditors. The failure is ascribed to the aditation Silver An attachment was served on Ovington Brothers, the china and glass dealers of New York and Brooklyn. Foreign Notes. A British Admiral sent an ultimatum to 01 and Supepro Zanziber 10 Sultant Meu the surreder. pus through eqf dn 8176


Article from The Pioche Weekly Record, September 10, 1896

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TELEGRAPHIC RESUME Things That Have Happened all Over the Country. SPOKEN OF IN THIS COLUMN. Selections That Will Greatly Interest our Readers Beth Old and Young. It is announced that arrangements have been perfected for William J. Bryan to address the labor, assemblies of Chicago on Labor day, September 7th. The Canadian Canada defeated the challenge Venedor and won the International race at Toledo recently. The defender won by 28 seconds, time allowance. The body of Bill Doolin, outlaw and highwayman, on whose head were Gov. ernment rewards aggregating $6,000, lies in a rough casket at Rhodes' establishment in Guthrie, O. T. The Linthicum Carriage Company, of Defiance, O., incorporated with a capital stock of $100,000, and one of the largest carriage manufactories in Northwestern Ohio, has failed. The President has appointed Levi T. Griffin of Detroit pension agent at Detroit, vice Harrison H. Wheeler, deceased. Mr. Griffin was a member of the Fifty-third Congress and was at one time a partner of Don M. Dickinson. Acting Commissioner of Indian Affairs Smith has awarded the contracts for erecting school buildings at the Rosebud and Pine Ridge agencies to Owen & Hill of Minneapolis, Minn at $46,525 for Rosebud and $44,766 for Pine Ridge. The Civil Service Commission has issued an order to Federal office-hold ers Warning all employes against seek ing or making contributions for cam paign purposes. The order embrace all branches of the government service The violators will be prosecuted. The Western roads are falling ou over the Grand Army business to St Paul. There is not much cutting o the rate proper, but many of the road are carrying department commander and their staffs for nothing and issuing free transportation in other cases. It is reported that the town of On tonagon, Mich., has been totally de stroyed by the advancing forest fires which have surrounded the village The loss amounts to $1,500,000 and i is feared that several lives have bee sacrificed. The town had a population of 2000. Near Guthrie, Okl., stage robber shot a woman because she would no give up her jewels when so ordered Four masked men held up the stag and secured $800. The woman wh was shot was known to her fellow pas sengers as Mrs. Raymond Reemes o Philadelphia. The stage-coach between Grande an Araphoe, in Day county, was held u by four highwaymen recently and th four occupants ordered to stand an deliver. Mrs. Amy Childs of Phil: delphia refused to alight and was sho dead. The robbers secured over $30 in booty from the three other passer gers and escaped. Miss Gertrude Vanderbilt, daughte of Cornelius Vanderbilt, and Harr Payne Whitney, son of William ( Whitney, were married August 25th a Newport, R. I. The father of th groom presented the couple with ser eral hundred acres of land, at one ( the principal summer resorts of Massa chusetts, on which] he will erect handsome summer residence. The Bank of Weymore, Beatric Neb., has closed its doors. No stat ment of assets or liabilities is obtain able. It was one of the depositories fo Gage county. Six thousand dolla


Article from Omaha Daily Bee, December 26, 1896

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NEBRASKA'S BALANCE SHEET State Treasurer Bartley's Biennial Report on Affairs of His Office. OVER A MILLION AND A HALF ON HAND Financial Transactions of the Last Two Years Show Accumulation of Cash, Outstanding Warrants and Delinquent Taxes. LINCOLN, Dec. 25.-(Special.)-In the introduction to his biennial report to the governor State Treasurer Bartley sets forth the following statement of receipts and disbursements for the period covered from the close of business November 30, 1894, to December 1, 1896. From the detailed exhibits are found: $1,121,387.34 Balance per last report Received November 30, 1894, to 3,667,594.95 December 1, 1896 $4,783,982.29 Total Disbursed November 30, 1894, to 3,059,354.99 December 1, 1896 Balance November 30, 1896 $1,729,627.30 From this amount are to be deducted the sums in suspended state depositories, as follows: $ 236,361.83 Capital National bank 4,499.00 Buffalo County National bank Globe Loan and Trust Company 12,892.54 Savings bank 14,965.57 Bank of Wymore First National bank of Beatrice. 2,803.14 $ 271,522.08 Total Balance 1,458,105.22 "During the present month," says the report, "the temporary school balance as per statement, $256,582.88, less amount in suspended depository banks ($24,624.58), will be apportioned and paid to the several counties, decreasing the cash in the state treasury at the time of this report to that amount. There is now in the state depository banks funds to apply upon the payment of registered general fund warrants in amount of $589,370.39. less amount in suspended depository banks, $58,453.36. which will, when applied, further reduce the cash balance to that extent. "In addition to general fund floating indebtedness shown in previous reports and occasioned largely by excess in appropriations over the amount raised by levy to meet the same, under a similar condition existing during the biennium for which this report is made, the floating indebtedness of the state has been further increased. "The appropriations for 1895-6 on general fund were $2,784,684.60; levy for the same period was $2,383,965.78; excess of appropriations, $400,718.82. Contributing to this excess was the unusual demand for relief requiring an appropriation of $250,000, and the reimbursing of the sinking fund for $180,000 lost in the Capital National state depository. "The outstanding registered general fund warrants November 30 are in amount $1,934,069.13, which, after deducting the cash on hand cited above to apply on same, have for their redemption the uncollected taxes of 1895-6, and delinquents from previous years, which from the statement of the auditor of public accounts, are $2,330,692.76, and if paid in will take up the entire out-


Article from The Valentine Democrat, January 7, 1897

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Total $4,788,892.29 Disbursed November30, 1894, to December 1, 1896 3,059,354.99 Balance November 30, 1896.$1,729,627.30 From this amount are to be deducted the sums in suspended state depositories, as follows: Capital National Bank 236,361.83 Buffalo County National Bank. 4,499.00 Globe Loan and Trust Company Savings Bank 12,892.54 Bank of Wymore 14,965.57 First National Bank of Beatrice 2,803.14 Total $ 271,522.08 Balance 1,458,165.22


Article from The Red Cloud Chief, February 26, 1897

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A SPECIAL MESSAGE GOVERNOR HOLCOMB SUBMITS A SHORT ONE. Calls Attention to the Fact that Ex-State Treasurer Bartley Owes the State Over $500,000, and Advises Appointment of a Joint Committe of Investigation. Governor Holcomb submitted a message to the legislature Wednesday containing some startling information to the taxpayers of Nebraska. It shows that outside of all the money now on deposit and heretofore lost in state depositories, Ex-Treasurer Bartley still owes the state the enormous sum of $537,000, for which he has never in any way accounted. The message is as follows: To the Senate and House of Representatives:-Gentlemen: I deem it proper to acquaint the legislature with information now in my possession respecting the condition of the state's finances more in detail than I was able to give in my biennial message, and also to advise your body respecting certain matters that have arisen concerning the same matter since the submission 'of that message. In his biennial statement, the state treasurer reports a loss of $271,522.08 in banks designated as state depositories which have closed their doors and ceased doing business. Of this sum, $236,361.83 was to the credit of the state in the Capital National bank of Lincoln at the time of its failure, January 21, 1893. To speak of this money being lost under the operation of the depository law is, in my judgment, a perversion of history as well as of fact. It may, however, be said in this connection that dividends to the amount of 15 per cent have been declared by the receiver of this bank. What further sum, if any, may be realized from the assets of this institution I am unable to speak of intelligently. Suit has been brought, and is now pending, to recover the amount due the state on the dividend first declared. Just why this sum should be withheld from the state is not perfectly clear. It has been suggested, however, that the receiver denies that any such sum, as claimed by the ex-state treasurer, was ever deposited in the bank. It thus appears that in the state courts the defense by the ex-treasurer and his bondsmen was that the money had been deposited in the bank under the depository law, therebr relieving them, while the defense of the bank in the federal court against paying the dividends is that the money was never in fact deposited in the bank, and that, therefore, the state is not entitled to share in the dividends. With these adjustable defenses, and the uncertainty as to the value of the assets, it is yet quite uncertain what amount the state may ultimately realize from this source. The Buffalo County National bank was designated as a depository Sept. 4, 1894, and its doors were closed October 11, following. The state had on deposit at the time $5,000. Of this sum $501 has been paid by one dividend, leaving $4,499 yet due the state. Icalled the attention of the attorney general to this matter January 16, 1896, and suggested the proprietyof taking proper steps to collect the amount due thestate from the sureties on the depository bond. No action, however, was taken until December, when suit was instituted against the bondsmen to recover the amount due. Some of the bondsmen, I am advised, are responsible for the entire amount, and I donbt not that by prompt and vigorous action the state will be prevented from losing anything on account of this deposit. The Bank of Wymore was closed August 2, 1896, having before been designated as a depository and at the time of its suspension it owed the state $14,965 57. The sureties on the depository bond. in my judgment, are amply responsible, and the amount due the state may be recovered by a proper action,broughtlfor that:purpose. I am advised that persons interested in this bank are expecting to pay all depositors in full. At the time of the closing of the Globe Loan and Trust company Savings bank in Omaha, June 2 last, there were funds to the credit of the state in the sum of $12,892.54. Soon after the suspension of this institution a bond for the payment of all of its deposits was given and approved by the state banking board. Under the conditions of this bond these deposits were to be paid within four years. In addition to the security thus given. the depository bond seems to provide reasonable protection to the state and by the institution of a suit for that purpose it is hoped that the state may be able to realize the entire amount due it. The treasurer, in his statement, reports $2803.1 in