13759. First National Bank (York, NE)

View Charter #2683 on SPMC

Bank Information

Episode Type
Run → Suspension → Closure
Bank Type
national
Bank ID
2683
Charter Number
2683
Start Date
August 28, 1893
Location
York, Nebraska (40.868, -97.592)

Metadata

Model
gpt-5-mini
Short Digest
e8062e17

Response Measures

Full suspension

Other: Bank failed after suspension; assets reported to exceed liabilities by $60,000.

Description

Contemporary reports (Aug 28–29, 1893) state heavy withdrawals/failed realizations on securities caused the bank to fail to open and suspend. Later notices (early Sept) report the bank has failed and assets exceed liabilities; no reopening is reported. Classified as run → suspension → closure.

Events (4)
1. May 6, 1882 Chartered
Source
historical_nic
2. August 28, 1893 Run
Cause
Bank Specific Adverse Info
Cause Details
Constant drain/withdrawal of deposits triggered by inability to realize on securities; heavy withdrawals weakened liquidity.
Newspaper Excerpt
The First national bank has suspended. It hopes soon to pay in full. Withdrawal of deposits the cause.
Source
newspapers
3. August 29, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failed to open after continuous deposit drain and inability to realize on securities; bank suspended payments/failed to open doors.
Newspaper Excerpt
The First National bank of this city failed to open its doors. The constant drain of deposits and a failure to realize on securities was the cause.
Source
newspapers
4. September 9, 1893 Other
Newspaper Excerpt
The First National Bank of York, Neb., has failed. The assets exceed the liabilities by $60,000. (Dickinson Press, 1893-09-09).
Source
newspapers

Newspaper Articles (12)
1. August 28, 1893 Evening Star Washington, DC
Article from Evening Star, August 28, 1893

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Article Text

CONTROLLER ECKELS BUSY. Many Suspended Banks Want to Resume Business. The controller of the currency was a busy man today. President Laws of the People's National Bank of Denver, Col., which recently resumed, applied, on behalf of that bank, for authority to absorb the assets of the People's Savings Bank of that city. The controller reserved his decision. Prestdent Dow of the Commercial National Bank of Denver, and President Walters of the First National Bank of Birmingham, Ala., applied to the controller today for authority to reopen those banks. The controller has authorized the City National Bank and the Merchants' National Bank of Louisville, Ky., to resume business September 1. The only bad news received by the controller today was the suspension of the First National Bank of York, Neb.

2. August 29, 1893 The Wilmington Daily Republican Wilmington, DE
Article from The Wilmington Daily Republican, August 29, 1893

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Another Bank Suspends. WASHINGTON, Aux. 29.-The First National Bank of York, Neb., suspended yesterday.

3. August 29, 1893 The Evening Herald Shenandoah, PA
Article from The Evening Herald, August 29, 1893

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Another Bank Suspen Is. WASHINGTON, Au . 29,-The First National Bank of York, Neb., suspended yesterday.

4. August 29, 1893 New-York Tribune New York, NY
Article from New-York Tribune, August 29, 1893

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AFFAIRS OF WESTERN NATIONAL BANKS. Washington, Aug. 28.-The following National banks which recently suspended payment, having complied with the conditions imposed by the Controller of the Currency, and their capital being unimpaired, were to-day permitted to reopen their doors for business: The First National Bank of Vernon, Tex.: the First National Bank of San Marcos, Tex., and the First National Bank of Lockhart. Tex. Controller Eckels has appointed Stewart Rice receiver of the Washington National Hank of Tacoma. Wash. The First National Bank of York, Neb., suspended to-day.

5. August 29, 1893 Fort Worth Gazette Fort Worth, TX
Article from Fort Worth Gazette, August 29, 1893

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A NEBRASKA BANK. I YORK, Neb., Aug. 28.-The First national bank has suspended. It hopes soon to pay in full. Withdrawal of deposits the cause.

6. August 31, 1893 Barton County Democrat Great Bend, KS
Article from Barton County Democrat, August 31, 1893

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Article Text

A Nebraska Bank Suspends. YORK, Neb., Aug. 29.-The First national bank of this city failed to open its doors. The constant drain of deposits and a failure to realize on securities was the cause.

7. September 2, 1893 The Kootenai Herald Bonners Ferry, Kootenai, ID
Article from The Kootenai Herald, September 2, 1893

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Article Text

Bank Suspended. YORK, Neb., Aug. 29.-The First National bank of this city failed to open yesterday. Liabilities $60,000.

8. September 2, 1893 The Bessemer Indicator Pueblo, Bessemer, CO
Article from The Bessemer Indicator, September 2, 1893

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Items by Wire. The cholera is spreading In Russia. Cholera has appeared at Antwerp. The Illinois Steel Company is to close down. The First National Bank of York, Neb. has suspended. Josiah Quincy, assistant secretary of state, has resigned The cranberry crop of Wisconsin has been ruined by frosts. The mayor of Chicago has issued an order prohibiting any more parades. The attendance at the World's Fair last week footed up over a million. was Illinois at the World's The and 21th day Fair 269,061 people attended, at Long Branch were badly damThe by hotels aged a great storm on the 24th. governor of Montana he will not call an extra session of the The legislature. says The Czar of Russia has arrived in Copenhagen with the Czarina and a full suite. Large numbers of vessels were driven ashore on the Atlantic coast by the storm of the 24th. The Duke of Saxe-Coburg died on the 23rd. I He is succeeded by the English duke of Edinburgh. Geo. C. Cribb. an extensive Implement dealer of Milweaukee, has falled. Liabilities $800,000. Serious charges of corruption are made against Mr. Mercer, world's fair commissioner from Wyoming. A parade of unemployed clashed with the Chicago police Saturday and the result was a number of cracked skulls. A swarm of locusts have passed over Tunis, The sun was obscured for three hours during the progress of their flight. The lower Atlantic coast was swept by a 6 hurricane Monday and a great deal of proc perty and many lives lost. e The cholera is slowly but surely spreading h in the great centers of population in Gallela and Hungary, where it is difficult to eradicate I it. The disagreement between the Union Pacific and the Western Passenger Association has not been settled and there is liable to be a 1 rate war yet. Unemployed Poles raided a market house in Buffalo Thursday and helped themselves to everything they wanted. A strong force of police finally drove them off. 1 Instead of reductions in wages Mayor Harrison of Chicago believes in reductions in other directions. He has ordered his agents to make a general reduction in rents. A sensation has been caused at Chicago by a sudden wholesale indictment of gamblers. the instance of State's Attorney Kern t eighty-seven indictments were found. f A woman said to be suffering from genuine Asiatic cholera has been taken to the Jersey City hospital. The county health board absolutely to give out e The rush refuses of any information. e homeseekers to the Cherokee t Strip, which will be opened to settlement Sepn tember 16. has begun, and hundred of men, e women and children are arriving on every o Santa Fe and Missouri Pacific train. o Mohler of the Kansas Board of Agriculture has issued an appeal for seed wheat and monn ey with which to buy it for farmers in West8 ern Kansas The appeal states that the crop 8 is a total failure in that portion of the state. State Bank Commissioner Breidenthal of e Kansas announces that he will not consider as r available assets of Kansas banks any money e they may have on deposit in New York as the n New York banks refuse to honor drafts with cash. a There was a great meeting for silver at n Cooper Union, New York on the 24th. It d was attended by 3,000 people and speeches r were delivered by John G. Boyd, General d Weaver, Congressmen Bartine and Bryan. r Strong resolutions were adapted favoring free t coinage. The treasury department has begun paying out gold on all checks presented. Redemption of paper money is made in the same class t of money. The reason for this is large ex1 penditures have exhausted the paper money. The gold reserve is now $97,000,000. the red h serve being used in paying debts of the government. n There have been serious disturbances in Milwaukee lately. On Wednesday a large number of Poles attacked a party of laborers n at work on a street contract and demanded d that they desist work. A lively encounter ensued, but nobody was seriously injured. The il police soon appeared on the scene and disd persed the mob after making two arrests. Ten million dollars in gold. packed in canvass acks, passed through Kansas City Fri. day morning on the Santa Fe train from San d Francisco. The money WAN guarded by ten b United States deputy marsbals armed with e Winchester rifles. The gold is from the subn the treasury sub-treasury at San Francisco at New York, and is being sent to

9. September 2, 1893 The Lamar Register Lamar, CO
Article from The Lamar Register, September 2, 1893

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Telegraphic Brevities The cholera is spreading in Russia. Cholera has appeared at Autwerp. The Illinois Steel Company is to close down. The First National Bank of York, Neb. has suspended. Josiah Quincy, assistant secretary of state, 1 RS resigned. the eranberry crop of Wisconsin has been ruinea by frosts. The mayor of Chicago has issued an order prohibiting any more parader. The attendance at the World's Fair last week footed up over a million. The 94th was Illigois day at the World's Fair and 263,061 people attended, The governor of Montaga says be will not call an extra of the legislature. The Czar of Russia has arrived In Copenbagen with the Czarina and a full suite. The hotels at Long Branch were badly damaged by a great storm on the 24th. The Duke of Saxe-Coburg died on the 23rd. He is sureceded by the English duke of Edinburgh. Gro. C. Cribb. an extensive implement dealer of Milweaukee, has talled. Liabilities $800,000. The strikes in nearly all the Kansas coal mines have been settled and the men have returned to work. Serious charges of corruption are made against Mr. Mercer. world's fair commissionor from Wyoming. ! A parade of unemployed clashed with the : Chicago police Saturday and the result Was a number of cracked skulls. i 3A swarm of locasts have passed orer Tunis, I The sun was obseured for three hours during the progress of their flight. : The lower Atlantic coast was swept by a : hurricane Monday and a great deal of pro: perty and many lives loat. 1 The cholera is slowly but surely spreading in the great centers of population in Gallela I and Hungary, where It is difficult to eradicate 12. , The disagreement between the Union Pa, citic and the Western Passenger Association I has not been settled and there is liable to be a i rate war yet. I Unemployed Poles raided a market house : in Buffalo Thursday and helped themselves to everything they wanted. A strong force of , police finally drove them off. , Instand - THE IL

10. September 5, 1893 The Progressive Farmer Raleigh, Winston-Salem, Winston, NC
Article from The Progressive Farmer, September 5, 1893

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glove and leather business of Fulton county is practically at a standstill. Fully three thousand persons are out of work. A large portion of the glove shops are closed. The glove factories that are in operation are running with small force. NASHVILLE, Tenn, Aug 23 Indications continue that there will be trouble on the Louisville and Nashville Road unless the road recedes from its an nouncement of a cut in wages for an indefinite time. As far ascan be learned the employees will overwhelmingly reject the proposition at their meeting in this city Friday. They will, how ever, comply with the request of the company to send another committee to Louisville to confer with neral Manager Metcalfe. ST. LOUIS, Aug 24 -T. H Campbell, General Manager of the International and Great Western Railway, issued a circular announcing that all salaries of $1000 and more have been cut 10 per cent. and all salaries of more than $75 and less than $100 have been cut 5 per cent. LEBANON, Pa, Aug 24 The forging department, smith shops, machine shops, keg factory and tapping and screw cutting departments of the Penn sylvania Bolt and Nut Company will be closed during the week commencing August 28. Notices of a reduction of wages in the rolling mill departments and puddle mill have been given to meet the present condition of business Isley, Doubleday & Co., wholesale dealers in paints, New York, have assigned owing $150,000. ARGUSVILLE, N Y, Aug 25 -J P Loson, a leading merchant, has assigned to James Roseborough, of Cana jobarie CHICAGO, Il, Aug 25 -Following closely in the track of the disastrous fire of last night at South Chicago comes the news that the Illinois Steel Company, which employs a great num ber of those who lost their all in the conflagration, will close down its South Chicago plant next month WEST CHESTER, Pa, Aug. 25 -Lukens & Co, steel works, Coatsville, have laid off 175 men and reduced the reduced the r mainder of its force to a single turn with a reduction in wages of 10 per cent The West Chester Spoke Works, employing 300 men, has shut down. PHILLIPSBURG, N. J., Aug 25 The American Sheet Iron Mill, employ ing one hundred hands, has posted a notice to take effect Monday, September 4, of a reduction in wages ranging from 10 to 25 per cent. Puddlers will receive $3.25 a ton. No trouble is expected. LI TLE FALLS, N. Y., Aug. 25 Most of the knitting mills in Little Falls have adopted the forty hour a week system and will continue it until the financial outlook improves. The Little Falls Knitting Mill 18 now running on short time for the first time since 1876 There are a great many persons out of employment in Herkimer county and the number is steadily increasing. Ten business failures was the record for New York City on the 26th. MILWAUKEE, Wis., Aug. 28.- Geo. C. Cribb, dealer in agricultural implements and carriages, has made a voluntary assignment to Wm. Mariner. The bond fixed is $800,000. No state ment of liabilities and assets. OMAHA, Neb, Aug. Wages will certainly be reduced on the Union Pacific. General Manager Dickinson yesterday at a conference with switchmen plainly told them that on September 1 there would probably be a gen eral reduction of wages of at least 10 per cent. They demurred and argued the matter, but finally went home. It is thought that they will strike. HAVERHILL, Mass., Aug. 28 -Stevens & Co.'s woollen mills have shut down. YORK, Pa, Aug. 28 The York Rolling Mill has suspended operations again. WASHINGTON, Aug. 28.-The First National Bank of York, Neb., suspended to day. BUFFALO, N. Y., Aug. 28.-The Star Machine Company has gone into the hands of a receiver. NORWICH, N. Y., Aug. 28.-The Norwich Silk Manufacturing Company, one of the largest in the State, shut down its mill to day. BUFFALO, Aug. 28.-A band of Poles drove away the laborers employed on a sewer at Black Rock to day after a sharp fight. POTTSVILLE, Pa, Aug. 28 The Lehigh Valley Company has ordered its collieries closed on Tuesday, Thursday and Saturday of each week. SHAMOKIN, Pa., Aug. 28.-At Patterson colliery to-day 800 men struck, throwing 1,400 men out of empl. yment.

11. September 9, 1893 The Dickinson Press Dickinson, ND
Article from The Dickinson Press, September 9, 1893

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declare the stilke au an Walter A. Wood harvester works at St. Paul will start up with 2,000 men. The steamer Elbe brought $450,000 in gold from London to New York. W. D. Wrenn becomes the champion tenuis player of the United States. A receiver is appointed for the Nicaragua Canal and Construction company The Northern Pacific is charged with wrong-doing by the president of the Wisconsin Central. Several mills at l'ittsburg have resumed operations. giving employment to 6.000 men. The First National Bank of York. Neb.. has failed. The assets exceed the liabilities by $60,000. Lieut. Peary has been unable to purchase dogs ai Davis Inlet for his polar explorations. The Union Pacific road has cut the salaries of all employes receiving over $70 per month from 10 to 20 per cent. Cash Williams an organ agent. was tarred. rolled in wheat and ridden on a rail at Long l'ine, Neb. Four white caps attempted to whip Elias Goetling at Northfield, Mo. One was shot and the others were routed. . Boomers are in training on bicycles and horses awaiting the day of opening the Cherokee strip. The Montgomery. Ala., bank of Mor ris & Co. will resume business. It SHSpended owing $1,600,000. The Chicago & Northwestern road has declared a quarterly dividend of 11-1 per cent. Dr. James II. White of St. Louis has filed suit against the American Medical college. alleging it is doing business under an expired charter. All enormous crowd of unemployed men in Chicago engage in it light with the police, but are routed without bloodshed. The shipment of gold coin from San Francisco has arrived at the New York subtreasury. The consignment consisted of $4,000,000. Bank Wreeker Haughey of Indianopolis has resigned as 11" resurer of the Indiana Odd Fellows and the Masonic Benefit society. Private advices from San Francisco say that Paymaster Sullivan, U. S. N., recently tried there on the charge of embezzlement. has been acquitt d. Mayor Harrison of- Chicago reduces the rents of all his tenants. and says he hopes the movement will become general. Suit by the Ann Arbor railroad against Grand Chief Arthur. growing out of the strike has been suddenly dropped. A plan to administer 100 lashes each to the nine Choctaw Indians instead of carrying out the death penalty was objected to by the Indian Territory authorities as illegal.

12. September 14, 1893 Courier Democrat Langdon, ND
Article from Courier Democrat, September 14, 1893

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OTHERWISE. Striking goal miners at Leavenworth declare the strike at an end. Walter A. Wood harvester works at St. Paul will start up with 2,000 men. The steamer Elbe brought $450,000 in gold from London to New York. W. D. Wrenn becomes the champion tennis player of the United States. A receiver is appointed for the Nicaragua Canal and Construction company. The Northern Pacific is charged with wrong-doing by the president of the Wisconsin Central. Several mills at Pittsburg have resumed operations, giving employment to 6,000 men. The First National Bank of York, Neb., has failed. The assets exceed the liabilities by $60,000. Lieut. Peary has been unable to purchase dogs at Davis Inlet for his polar explorations. The Union Pacific road has cut the salaries of all employes receiving over $70 per month from 10 to 20 per cent. Cash Williams, an organ agent, was tarred, rolled in wheat and ridden on a rail at Long Pine, Neb. Four white caps attempted to whip Elias Goetling at Northfield. Mo. One was shot and the others were routed. Boomers are in training on bicycles and horses awaiting the day of opening the Cherokee strip. The Montgomery, Ala., bank of Morris & Co. will resume business. It suspended owing $1,600,000. The Chicago & Northwestern road has declared a quarterly dividend of 11-4 per cent. Dr. James H. White of St. Louis has filed suit against the American Medical college, alleging it is doing business under an expired charter. An enormous crowd of unemployed men in Chicago engage in a fight with the police, but are routed without bloodshed. The shipment of gold coin from San Francisco has arrived at the New York subtreasury. The consignment consisted of $4,000,000. Bank Wrecker Haughey of Indianopolis has resigned as treasurer of the Indiana Odd Fellows and the Masonic Benefit society. Private advices from San Francisco say that Paymaster Sullivan, U. S. N., recently tried there on the charge of embezzlement. has been acquitted. Mayor Harrison of Chicago reduces the rents of all his tenants, and says he hopes the movement will become general. Suit by the Ann Arbor railroad 'against Grand Chief Arthur, growing out of the strike has been suddenly dropped. A plan to administer 100 lashes each to the nine Choctaw Indians instead of carrying out the death penalty was objected to by the Indian Territory authorities as illegal.