gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
2a17ca9475e4b62f
Response Measures
None
Description
Examiners/receiver/rehabilitation steps mentioned while stockholders injected new capital prior to reopening.
Events (4)
1.August 15, 1931Run
Cause
Local Banks
Cause Details
Heavy withdrawals triggered by prior closings of other Omaha banks, producing an unprecedented run on Union State.
Measures
Bank suspended business to safeguard depositors; state examiners took charge to conserve assets.
Newspaper Excerpt
Heavy runs on the bank caused by the closing of the other institutions were blamed for the closing of the Union State bank.
Source
newspapers
2.August 15, 1931Suspension
Cause
Local Banks
Cause Details
Suspension was taken after heavy runs precipitated by the closing of other local banks; state department took charge and an examiner was placed in charge.
Newspaper Excerpt
Union State bank of Omaha today suspended business to safeguard depositors, officials of the state banking department said.
Source
newspapers
3.August 22, 1931Other
Newspaper Excerpt
Lincoln, State examiner in charge of Union State bank, Omaha. ... appointees serve as his assistants in liquidating the failed banks under their charge.
Source
newspapers
4.November 12, 1931Reopening
Newspaper Excerpt
Union State Bank Will Reopen on Next Monday ... The Union State bank ... will reopen under its past charter ... directors announced today; reorganizers subscribed to make reorganization possible.
Source
newspapers
Newspaper Articles (20)
1.August 15, 1929The Daily RecordOmaha, NE
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Citizens Bank The following payments Chattel Mortgage All and State Bank various Bank of CitiOne said promisfor due executed by Johnstown Union Bank braska the other obligation amounted the various 1928 the date the Receiver claim paid date has not been nor anything are that such of the notes have security will be sold are further of and thereof default ties itemized collateral hat the of the offering the lateral for and the to obligations braska to proceeds first will applied the and the Nebraska, to Omaha and that said obligations the costs, and only case that may be necesthe will all of pay collateral obligations UNION STATE A CORPORBy 8-10-3t Its President
2.August 15, 1931St. Louis Post-DispatchSt. Louis, MO
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STATES PLAN
Texas, Indicates and California, position, Asks Not to Be Considered.
PROPOSAL WAS TO BE
But Indications Are That Projected Destruction of Third of Will Be Crop Definitely Rejected.
Associated Aug. rejection today appeared be store the Farm Board's plan of destroying third of the cotton crop in an effort to boost the price the staple. Four of states asked co-operate filed objections to suggestion that every third row of standing cotton be plowed under. fifth, Texas, the largest producco-operation deemed essential for success, peared doubt. Gov. Sterling said yesterday board to have agreed lend assistance. The Texas issued statement Houston, denying he favorboard's proposal. notice," he said, "the impression has gotten out that favor up of this cotton This the However, did wire Chairman Stone of the Farm Board that would gladly with him his efforts to aid the cotton farmers. evidently construed my mean that favored specific plan. think would be just reasonable ask the farm Board burn part of the cotton they are holding ask farmers to destroy part their View Other Georgia, Alabama and Florida, while opposing plan. indorsed the idea reducing the current harvest and offered substitute proposals which not made South Carolina jected the plan. sixth California, asked that considered movement because of its small cotton addressing the plan to Governors. the board indicated must make operative Sept. agreed hold its stabilization cotone year and upon cotton the advisabil ity of similar action in regard to their bales. least Governors expressed the opinion the board's suggestion impractical. Senator Caraway, Arkansas, and Senator Smith, South Carolina, among those have presented substitute plans ranging from holding stabilization cotton five years resumption operations. Briefly, their plans provide for the purchase by the board substantial of this year's prospective bales dition farmers agree by tract plant next year. Plan Once Rejected. Smith his plan last winter. that jected in letter signed by Carl cotton member, which that purchase bales Smith suggested not solve the problem. Under its present proposal, however, it hoped reduce production by that the board was tempting reach agreement directors the American Cotton Association on financing for the amount this year were made to
Plan Illegal, Because Crop Mortgaged. Says Gov. Hunt. Press. Aug. George Hunt said today the he had received from Arizona the Federal Farm Board that one-third this crop destroyed the plan looked with disfavor in this upon objection containing much he that practically farmers in Arizona have gaged their under terms require them harvest and plan suggested be illegal because involves tion mortgaged property. Advances made companies the basis of and at present price all the crop will scarcely repay the
Fourth Omaha Bank Closes. Neb., Aug. Union State Bank of Omaha today suspended business to safeguard depositors, officers of the State Department The Union State the fourth Omaha bank close since Monday. Heavy caused by the closing of the other depositories, responsible for closing. The last report of the bank listed deposits The bank capitalized and had reserve of
3.August 15, 1931Des Moines TribuneDes Moines, IA
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FOURTH OMAHA BANK CLOSES
Union State Institution Suspends Business
OMAHA Union State bank of Omaha Saturday suspended business in order to safeguard depositors, officials of the state banking department announced The Union State is the Omaha bank to close Monruns on the caused the of the other for the closing of the Union State bank. The last bank listed deposits capitalized and had reserve of
4.August 15, 1931The GazetteCedar Rapids, IA
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Another Bank At Omaha Shuts Down
OMAHA. Aug. 15 Union State bank of Omaha today suspended business in order to safeguard depositors, officials of the state banking department announced. The Union State is the fourth Omaha bank to close since Monday Heavy runs on the bank caused by the closing of the other institutions were blamed for the closing of the Union State bank The last report of the bank listed deposits of 1,700,000 It was capitalized at $200,000 and had a reserve $40,000.
5.August 15, 1931St. Joseph News-PressSt. Joseph, MO
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DENIES RENS
Refuses to Quash Charges Against Representative.
St. Louis Member of Missouri House Must Stand Trial for Forgery.
NEW YORK. Aug. close the week in the market today found price levels, in the aggregate, had regained virtually all the loss since the United States Steel Corporation drastically reduced its dividend rate July 28. Bulls were less aggresbut prices continued generalclosing with net gains of about 1@3 points. Business news menger and Inconclusive, but better feeling speculative quarters apparent. Several commission houses were not overly confident their advices, however, regarding the bullish activity as somewhat experimental, and suggesting the protecting of accounts with stop loss orders. Moderate price shares were again turned over in considerable volume, particularly oils, motors and accessories, dustrials. Gains in the oils, ever, mostly The for the session was close 1,000,000 shares, the most ctive Saturday Case gained points. Union Pacific and Eastman gained about points, and issues point or two included U. S. Steel. Woolworth. Loews. International Telephone, Can and Power. New York Central. North and AmerIcan Tobacco and American Such issues General Motors, Radio. United Corporation, American Can and General Electric were narrowly changed. International Harvester sagged 1½. then recovered partially. The week-end estimate of next week's production in the Youngstown area indicated another slight gain. The bureau of census monthly report on cotton consumption, placing the amount used by mills July at 451,000 bales. brought temporary upturn about $1 bale in the cotton market. Foreign exchanges were about steady, although sterling cables, ruling at $4,85%, were off 1-16 of Cotton futures closed somewhat prices, with net gain of 55@80c
CURB MARKET FIRM. NEW Aug. The market maintained steady tone comparatively quiet One generally continued to push higher Humble gained points and Vacuum 1. Standard of Indihowever, into realizing and closed with loss of minor Cities active the late trading, and closed at 10, up Utilities also generally highElectric Bond and Share closed point higher. Gas Electric gained full point. United Light however, eased small fraction. In specialities. Woolworth. fraction, along strength in on the big board. Ford, Ltd., also closed Industrials generally moved nar-
YORK CURB MARKET. (By Associated Press.) 37% Service Electric pfd. Motors 28% Libby Utilities Pipe Standard
NEW STOCK EXCHANGE PRICES. (By Associated Press.) Close Air Reduction Alcohol START SURVEY WORK Light Ref. State Will Attempt to Reduce School Districts. Missouri University Graduate Placed in Charge of MapTopeka Santa ping Plans. JEFFERSON CITY. Aug. survey in each county of the state to enlarged school districts has been started by the state department of was nounced today by Superintendent Ad. Mach school law passed by the last legislature provides that each county must before Aug. 15, 1932, call Ohio county school board convention for the purpose of electing school Paul districting board for the county. This board will divide the county enlarged optional school diseach having minimum of fifty square miles and minivaluation of $1,500,000. Survey work has been started in and Pettis counties The Baking work is under the direction of Ray who received doctor's Products Steel degree from the University of Misthis year. Wright Lee said the surveys would be used as guide for the county boards. Only those facLight tors affecting district reorganization will be taken into conTexas Tank Missouri now has almost school districts. Lee said he should not be than 500 in the state. many schools are costing more than they really should. If we going to run our schools in an efficient manner have larger districts. The new law provides state aid for of pupils amountMotor Car ing to $3 month for each child Motor Interboro distance of two miles Cement or more in the enlarged districts. Nick FOURTH OMAHA CLOSING. Paper Heavy Runs Cause Suspension of City Business by Bank. OMAHA. Aug. Union State Bank Omaha today suspended to deposMyers Tobacco itors, officials of the state banking department Biscuit The Union State was the fourth Omaha bank to close since Monday. Trucks Heavy runs on the bank caused by Copper the closing of the other Institutions was responsible for the closing. The last report of the bank listed deposits of was italized at $200,000 and had cap- reserve $40,000,
6.August 15, 1931The Lincoln StarLincoln, NE
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ANOTHER OMAHA BANK SUSPENDS
Union State Closes But Expects to Reopen Soon.
Aug. 15 (AP) The Union State bank of Omaha pended business today treat all patrons as fairly possible,' officials Plans are being formulated to re-open at an early date. and in the meantime the state department trade and commerce charge On June 30. the time of its last bank had deposits and The Union State bank the fourth Omaha within the past week. The State bank Omaha and the Farmers Merchants bank Benson closed Monday and the South Omaha State bank closed yesterday Statement by Woods. George Woods, state issued statement regarding the Union State bank "The Union State bank of Omaha suspends business today. The partment of trade and taken charge to conserve assets and protect interests Examiner Lau in charge. Horacek president of the bank. states that suspension three other in the durhas unprecedented withdrawals. which could not immediately withstood To treat all patrons fairly as possideemed best to suspend 'Plans are being worked upon to reopen the bank early date.' Reserve According to Joseph Votava, attorney for the there heavy Monday after the State bank but dwindled daily until vesterdav. Then. after closing South Omaha State bank there the another heavy run the was cut below the legal reserve limit State officials later today revealed that resources the four banks closed this week totaled compared total of all Omaha banks.
Governor's Statement An official issued from the office Saturday foresaid that the Union State of Omaha had been taken the state departover ment the quest its officers and directors Horacek was president Jacob Horacek vice president, and Emil cashier The bank had deposits of about million but had experienced
7.August 15, 1931Norfolk Daily NewsNorfolk, NE
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PLANS BEING MADE TO REOPEN INSTITUTION AT EARLY DATE
Omaha, Aug. by milling excited crowds intent their savings, the leading banks Omaha today ed the regular Saturday closing hour of noon, into the discard and announced they would remain open day satisfy depositors wishing withdraw their' funds. The run on the larger banks started in full fury early today with the that the Union State bank of Omaha had closed "to It was the fourth in Omaha close since Monday. run created by the three previous closings blamed the closing of the Union State bank. All the closed banks were members of the state bank assoWith the announcement that the larger banks were prepared the with plenty of cash on hand. the crowds milling about the thinned little and the tension seemed broken. On June 30, the time of its report, bank deposits It was capitalized $200,000 and had surplus of $40, 000.
The Union State bank is the tourth Omaha bank close within the past week. State Bank Omaha and the Farmers and Merchants Bank of Benson closed Monday and the South Omaha state bank yesterday. George W. Woods, state bank commissioner, issued the following regarding the Union State bank: Union State bank of Omaha suspends business today. The trade and commerce has taken charge conserve asand protect all interests. Lau is in charge. "F. president of the bank, that suspension three other banks in the city dur ing the week has caused an unprecedented which could not be immediately withstood. To treat all patrons fairly possible was deemed best to suspend payments.' "Plans being worked upon to re-open the bank an early date." According Joseph Votava, attorney for the bank, there heavy run Monday after closing the State Bank Omaha, but dwindled daily until yesterday. Then, after closing of the South Omaha State bank, there was another heavy run and the cash reserve was cut below the legal
8.August 15, 1931Columbia Daily TribuneColumbia, MO
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Another Omaha Bank Suspends Today
Associated Press Neb., Aug. Union State Bank of Omaha today suspended business to safeguard depositors. officials of the state banking department said. The Union State was the fourth Omaha bank to close since Monday. Heavy runs on the bank, caused by the closing of the oththe institutions, was responsible for The last report of the bank listdeposits of $1,700.000 was capitalized $200.000 and had
9.August 15, 1931Daily American RepublicPoplar Bluff, MO
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SUSPENDS BUSINESS
By The Associated Press. Omaha, Neb., Aug. Union State Bank of Omaha today suspended business to safeguard depositors, officials of the state banking department said. The Union State was the fourth Omaha bank to close since Monday. Heavy runs on the bank, caused by the closing of the other institutions, was responsible for the closing. The last report of the bank listed deposits of $1,700,000. was capitalized at $200,000 and had reserve of $40,000.
Alyce Nichols, director National Broadcasting company auditions, estimates that only one to three percent of persons making trials ever get on the air.
HEARINGS ARE SET.
I. C. C. To Inquire Into Railrond Terminal Services.
Washington, August larger railroads of the country were notified by the Interstate Commerce Commission today that they must ex. plain their practices regarding termigranted industrial plants This phase part of the investiga tion of railroad prac. tices the commission announced six weeks ago after the railroads had asked rate increase Hearings on this question will be held at Boston, September 15; New York, 22 to 30; Buffalo October 20 23; Detroit. October 26 to 30; Cincinnati, November 2 to 7: Chicago, November 10 to 24.
FOURTH BANK CLOSES
Omaha, Neb., August The Union State Bank of Omaha today business to safeguard officials of the State Banking Department said. The Union State was the fourth Omaha bank to since Monday. Heavy runs on the bank, caused by the closing of the other institutions was responsible for the closing. The last report of the bank listed deposits of $1,700,000. was capitalized at 200,000, and had a reserve of $40,000.
11.August 16, 1931The Capital TimesMadison, WI
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Fourth Omaha Bank Is Closed in Week
OMAHA -(P)- The Union State bank of Omaha Saturday suspended business in order to safeguard depositors, officials of the state banking department announced The Union State is the fourth Omaha bank to close in a week. Heavy runs on the bank, caused by the closing of the other institutions, were blamed for the closing of the Union State bank. The last report of the bank listed deposits of $1,700,000
CLOSE SHAVE FRIEND Your husband has his hair clipped very close. WIFE: Yes, the coward.-Answers.
The largest bird is the ostrich, which stands nearly eight feet tall and weighs about 300 pounds
12.August 16, 1931Evening starWashington, DC
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OMAHA BANK CLOSES
Fourth Suspension Since Monday
Laid to Heavy Runs.
August 15 Omaha today business safeguard State The Union State Omaha bank Monday Heavy runs the by closing of the other institutions for The last report the deposits was $200,000 and had a re- ship's in memory London con-
HEARINGS ARE SET.
I. C. C. To Inquire Into Railroad Terminal Services
Washington, August larger railroads of the country notified by the Interstate Commerce Commission today that they must ex. plain their practices regarding terminal services granted industrial plants. This phase part of the investigation railroad management practices the announced six weeks ago after the railroads had asked rate increase. on this question will be held at Boston, 15; New to 30; Buffalo, October 20 to 23; Detroit, October to 30; to 7; Chicago, November 10 to 24.
FOURTH BANK CLOSES.
Omaha, Neb., August The Union State Bank of Omaha today suspended business safeguard depositors, officials the State Banking Department said. The Union State the fourth Omaha bank to since Monday. Heavy runs on the bank, caused by the closing of other institutions, was responfor the closing. last report the listed deposits of
14.August 17, 1931Brooklyn EagleBrooklyn, NY
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Deposits
Heads of 100 Smaller Institutions Meet to Avert Disaster to Rural Houses
Toledo, Toledo banks with of failed for business this ing ceased of deposits during the present financial situation. closing of the Commerce Guardian Trust Savings Bank, the Ohio Savings Trust and the Savings Bank and Trust Company. American Bank, announced yesterday that also would Tied Up The four closings tied up for indefinite period more than deposits. The National the Toledo Trust Company, the Spitzerroric Trust Savings Bank and the West Toledo National open usual today. The Morris Plan and the dustrial Bank also open. There disorders when banks affected the closings opened. Heads of country banks Ohio met Ira Fulton, Ohio in an to work out plans whereby they will not forced to close.
Run Closes Omaha Bank Omaha, Aug. Union State Bank Omaha closed doors due caused failure other banks Omaha Union State capital deposits and plus
15.August 22, 1931Lincoln Journal StarLincoln, NE
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GOVERNOR APPOINTS RECEIVERS OF BANKS
GEORGE E. HALL TO HAVE STATE BANK OMAHA.
Bryan Says That Efficiency and Not Locality or Politics Control Choice.
Governor Bryan announced apant receivers recently failde pointment the following assiststate banks: George E. Hall, Lincoln, State bank Omaha. Barak, Petersburg, South Omaha State bank. Haase, Norfolk, Farmers Merchants, Benson. W. M. Whalen, Lincoln, First State bank, Reif, Bloomfield, Leigh State Brozek, Chadron, Bruno State Bruno, and bank of Wisda, Ord, Butler County State bank, David City. Ruzicka, Schuyler, Dwight State bank, Dwight. Lincoln, State examiner in charge of Union State bank, Omaha. Secretary Luikart of the department of and ceiver of all state banks and the will as his assistants in liquidating the failed banks under their charge. M. Morrisey, former chief justice, had been appointed for receiver the State Bank of Omaha, Eugene O'Sullivan, attorney for the receiver the South Omaha State bank, Harland Mossman for the Union State and Howard Saxton for the Farmers and Merchants bank of Benson. These attorneys all reside in Omaha. Governor Bryan announcing said policy the of and use the efficient receivers the staff rather than to make local political The appointees are now charge of banks and have shown liquidating for the benefit depositors, said the governor. He stated that he had received letters some petitions in one day written in the interests one but had thought not the best interests the depositors to appoint the man. "These assistant receivers are skilled bankers, said Governor Bryan, "and have their present works so arranged that others can take their places these highly trained men assume duties where.' Most of the attorneys appointed (Continued on Page 5.)
16.August 22, 1931The Lincoln StarLincoln, NE
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BRYAN APPOINTS BANK RECEIVERS
(Continued from One.) know the political affiliations most those on three the newly appointed assistare democrats, but Bryan ttat their and bank matters, their politics, which caused them to be selected. Move to Reopen Two Banks. Advices from Omaha are that tive efforts are being made organize reopen Union State bank Omaha and the Farmers' Merchants bank Benson, suburban community that city, with good prospects In order to do this it will be necessary that the stock tirely in ditional amounts for provide sufficient assure depositors repayment. Restrictions put on deposits, however, part of the money man remainder being left in for specified periods time. Provision will also have to be made take care accrued debtedness the banks state guaranty fund and the final which an equal the case the Union State bank Omaha fund debtedness about Should bank rehabilitated and several of the baanks Butler, Seward Colfax counties which had their reserves in reopen, since tied up may their troubles were primarily due to the closing of the Omaha institution.
17.August 22, 1931Lincoln Journal StarLincoln, NE
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Walls GOVERNOR APPOINTS Given Charge Here RECEIVERS OF BANKS
GEORGE E. HALL TO HAVE STATE BANK OMAHA.
Bryan Says That Efficiency and Not Locality or Politics Control Choice.
Governor Bryan announced ant receivers recently failde pointment the following assiststate banks: George Hall, Lincoln, State Omaha. Barak, Petersburg, South Omaha State bank. Haase, Norfolk, Farmers Rev. Mr. Walls, has been Merchants, Benson. W. Whalen, Lincoln, First appointed pastor of First Free Methodist church Lincoln, State bank, Reif, Bloomfield, Leigh comes here Ponca City, Okl. making home 2710 State bank, Brozek, Chadron, Bruno Orchard. Rev. Mr. Walls succeeds Wolcott State bank, Bruno, and bank as pastor Lincoln the latter Brainard, Brainard. Wisda, Ord, Butler County ing to Nebraska City. State bank, David City. Ruzicka, Schuyler, Dwight State bank, Dwight. Law, Lincoln, State aminer in charge of Union State bank, Omaha. Secretary Luikart of the department of trade and commerce ceiver of all failed state banks and the appointees serve his sistants liquidating the failed banks under their charge. M. Morrisey, former chief justice, had previously been appointed attorney for the receiver of the State Bank of Omaha, Eugene O'Sullivan, attorney receiver of the South Omaha State bank, Harland Mossman for the Union State and Howard Saxton for the Farmers and Merchants bank Benson. These attorneys reside in Omaha. Governor Bryan in announcing choice bank said it was the policy of the partment of and commerce use the most efficient receivers on the rather than to make local political The are now assistants new charge of banks and have shown for the benefit depositors, said the governor. He stated that he had received letters some petitions in one day written in the interests man, but he had thought not to the best interests of the depositors to appoint man. "These assistant receivers are skilled bankers, said Governor Bryan, "and have their present works arranged that others take their places and these highly trained men assume duties elsewhere." Most of the attorneys appointed (Continued on Page 5.)
18.September 17, 1931The People's BannerDavid City, NE
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OMAHA BANK TO REOPEN
A few days ago Omaha and Lincoln newspapers reported a meeting of the stockholders of the Union State bank of Omaha at which arrangements were made that seemed to insure the reopening of the bank. The stockholders planned to put about $175,000 of new money into the bank. The plan required depositors to agree to a withdrawal plan that would enable the bank to pay depositors by degrees. Quoting in substance from the newspaper articles: The bank was sponsored by Czeçhoslovakians. Examiners found the bank in splendid condition. The suspension August 15 was caused by a run on the bank. President Frank C. Horacek and other officers have agreed to accept a fifty per cent salary cut until normal conditions return to the bank.
19.September 17, 1931The People's BannerDavid City, NE
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COUNTY EXCHANGES
Rising City Independent The Morgan children were all home over the week end and a delightful family reunion was enjoyed in the parental home. On Wednesday evening the Rising City band played their last concert for the year. The boys have been very faithful during the summer and have entertained hundreds of people at their Wednesday evening programs, who will recall with pleasure the evenings spent in listening to the splendid music. Rising City boasts of having a progressive town board, who watches for and makes needed improvements as finances will allow. At the last meeting they decided to grade and gravel the street to the school house, which will be one of the best and most needed improvements that could be made. Mr. and Mrs. Chas. Babb, Dick and Doyle and Max Shrader were Columbus visitors Sunday. While there they were guests of Charles Miller for an airplane ride. The three boys "got a thrill" they will not forget for a long time. What could boys enjoy more than a trip in the air? Brainard Clipper While Mr. and Mrs. Rudolph Osmera were at a party in Brainard Monday evening, someone stole about fifty of their silver lace Wyandotte chickens. John Piitz threshed the crop of alfalfa seed, Tuesday, which his brother-in-law Anton Schmitz, had harvested from about 3½ acres. He tells us that the seed was excellent quality and the yield 38 bushels, or 11 bushels per acre. With the price about $10 per bushel this patch of alfalfa will net Anton a nice piece of money. Joe Pekarek was rather skeptical of Andrew Behne's claim to a stalk of corn with six ears thereon and when Andrew took him out to prove it they discovered one that had ten ears on it. The ears, however, are about like the extra legs usually found on freak many-legged animals most of them being merely a start of an ear with a small cob and a little silk. John Kugler Jr. returned home Tuesday evening after nine months service in Uncle Sam's army, during which time he was stationed at Ft. Logan, Colo., and in the Hawaiian Islands. John says he has had enough army life to satisfy him for time. Considerable effort has been put forth by the former officers and directors of the Brainard State Bank and other persons interested in the re-organization of that institution and we are reliably informed that the prospects are quite promising. The re-opening of the Union State Bank of Omaha seems to be practically assured, anl its opening would release the money which our local has on deposit there and materially assist with re-organization. Bellwood Gazette Miss Mabel Graves, daughter of Mr. and Mrs. Virgil Graves, was united in marriage to Mr. Joseph Keller at Schuyler, on Wednesday. Mrs. J. Carpenter who has been seriously ill since being removed last Thursday to the home- of "her daughter, Mrs. Cecil Hall, is reported now slowly improving. Miss Gussie Kircher, who has been spending the summer with her broter, Joe Kirchner and family at Alliance returned home Monday. She also visited her sister, Mrs. A. Janicek, and family at Kimball. The Dist. 13 L. F. B. club ladies treated their husbands and families to a pienic at Pawnee park last Sunday. A general pienic dinner was served at noon to which all did full justice. The afternoon was pleasantly spent in visiting. All but three families were present.
20.November 12, 1931The Stockman's JournalOmaha, NE
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Union State Bank Will Reopen on Next Monday
The Union State bank, one of four state banks here during will reopen under its past charter summer, on Monday, directors $200,nounced today. An subscribed to make reor000 Reorganizers possible. are Horacek, D. Sloboda, Koutsky, Frank Riha and Yousem. plan met with the full reorganization satisfaction state banking department, it was announced.
Bank runs are almost always and everywhere a deterioration of bank fundamentals.
But not for you.
You are the measure-zero exception: great fundamentals, solid bank, and yet the Diamond Dybvig fairy spread its rumor. Depositors woke up. Your collateral was not prepositioned. The Clearinghouse had it for you.
Do not pass Go. Do not collect $200. Go directly to jail… or worse.
