Capital National Bank (Lincoln, NE)

View Charter #2988 on SPMC View balance sheet

Episode Information

Episode UID
298801117
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
29880 national
Charter Number
2988
Start Date
January 22, 1893
Location
Lincoln, Nebraska (40.800, -96.667)

Metadata

Model
gemini-3-flash-preview (chosen from majority vote of a three-model LLM ensemble)
Short Digest
bd6349aaa94c6614

Response Measures

None

Receivership Details

Depositor recovery rate
17.7%
Date receivership started
1893-02-06
Date receivership terminated
1903-12-28
OCC cause of failure
Fraud
Share of assets assessed as good
36.3%
Share of assets assessed as doubtful
18.9%
Share of assets assessed as worthless
44.8%

Description

The bank was closed by a national bank examiner following the discovery of a large deficit and falsified records; while crowds gathered after the closure, no pre-suspension run is documented.

Events (5)
1. June 29, 1883 Chartered
Source
historical_nic
2. January 22, 1893 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discovery of a large cash deficit, missing funds (estimated at $200,000), and falsified records by the bank examiner.
Newspaper Excerpt
The startling announcement of the failure of the Capital National bank was made shortly after 11 o'clock tonight... The appearance of National Bank Examiner J. M. Griffith... was responsible for the closing of the bank
Source
newspapers
3. January 23, 1893 Other
Newspaper Excerpt
Hundreds of people surrounded the bank doors all morning, hoping against hope that they would swing out again. ... A committee of the bankers of the city was in consultation all night, coutriving means to prevent any undue excitement and a consequent run on their institutions. Omaha banks were called on and they immediately responded by sending a representative on a special engine to assure the bankers here that every courtesy would be extended and that all needed assistance to meet any run that might take place would be forthcoming. How the State Stands. Secretary of State Allen stated tonight that the special bond given by the Capital National bank was approved by ex-Governor Boyd. Attorney General Hastings and the secretary of state. As to the amount of money that was on deposit with the Capital National bank, State Auditor Moore said the treasurer told him a day or two ago that it was about $250,000, or $75,000 more than there was on the 30th of November, when the report was made at the end of the fiscal year. The situation will undoubtedly result in the appointment of a special committee by the legislature to investigate matters. ... President MacFarland of the First National bank stated this afternoon that he believed the bank would pay all depositors in full, but the stockholders would be compellod to put up a large sum of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the Capital National bank that he required $100,000 within the next week. Treasurer Bartley arrived this morning, He stated that inasmuch as the governor. secretary of stateand attorney general had approved the bond of Mosher and Outcalt for $700,000, under the law which went into effect when he took charge of the steate's funds, he and his bondsmen were released from all liability, which will fall upon the state. In qualifying on the bond Mosher swore that he was worth $500,000 and Outcalt $300,000. No statement of the liabilities has been made, but they are variously estimated from $300,000 to $600,000. SALT LAKE, Jan. 23.-Cohn Bros. one of the oldest and largest dry goods firms in the territory, have made an assignment to Emmanuel Cohn for the benefit of their crediters. The liabilities are $110,000. The assets have not been made public. Of the total indebtedness $34,000 is preferred for the benefit of fourteen home creditors. The unpreferred creditors are all eastern merchants-110 in number. LITTLE Rock, Ark., Jan. 23.-The First National bank, which has been undergoing an examination at the hands of the bank examiner, was today reorganized on a strong basis. YANKTON, S. D., Jan. 23.--The receiver of the defunct Scougal bank, in his report on its condition, touight, states that the affairs of the institution are badly mixed, and that great difficulty is encountered in arriving at a satisfactory result. The liabilities are placed at $127,000, and the assets at $77,000. The depositors now expect to realize about 15 per cent. upon their accounts against the bank. The bank has been insolvent for more than eight years.
Source
newspapers
4. February 6, 1893 Receivership
Source
historical_nic
5. May 20, 1893 Receivership
Newspaper Excerpt
Comptroller Eckels has appointed... K. K. Hayden, of Lincoln, Neb., receiver of the Capital National bank
Source
newspapers

Newspaper Articles (21)
1. January 23, 1893 St. Paul Daily Globe Saint Paul, MN
Article from St. Paul Daily Globe, January 23, 1893

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Article Text

NEBRASKA BANK FAILS. The Capital National, of Lincoln, Closed by the National Bank Examiner. Depositors Caught for $625,000 and the State for About $250,000. LINCOLN, Neb., Jan. 22.-The startling announcement of the failure of the Capital National bank was made shortly after 11 o'clock tonight, and with it came the statement that the state treasurer was caught in the crash in the sum of $250,000. This news spread like wildfire, and it was the sole topic of conversation of the hundreds who were arrested by it as they were on their way to their beds. The appearance of National Bank Examiner J. M. Griffith, of Wahoo, who came in on the evening train, was responsible for the closing of the bank, which came in a few hours after that official began his investigation of the books and papers of the institution. It is stated that the a bad one. but the exact situcannot be ation failure is ascertained $625,000, tonight. The deposits amount to about and of this amount between $150,000 and $250,000 are state funds, for which the bond of the treasurer will be liable. The capital stock is $350,000. all paid up. Cashier R. C. Outcalt stated that the assets would protect the depositors, but the there is great doubt expressed as to truth of this statement. Capt. J.E. Hill, ex-state treasurer, in discussing the situation, could not refrain from expressing a feeling of relief that he had been lucky enough to office over to his successor becrash came. In this turn fore the his bond connection given by it be stated that the Bartley was for was $600,000 more than His bond includes by which Treasurer may law. nearly $3,100,000, Fremont, required all the banks in Lincoln, two at the Leaner and Girard, of Columbus, and the Globe Loan and Trust company, of Omaha. State Treasurer Bartley is out of the city, and no expression as to the exact of state funds on deposit can be An obtained amount tonight. additional all bond state is required of all banks on funds on deposit. This was furnished by the Capital National about ten days ago. It is signed by the Capital National bank, C. W. Mosher and R. C. Outcalt, and is therefore worthless, all of these are swallowed up in the wreck. was constructed on parties The bank bank, the which ruins of the Marsh Harvester died about eight years ago. C. W. Mosher, president of the Capital Natianal bank, is a nephew of Marsh. The affairs of the bank have been in bad shape for some time. It its last dividend, and last statement the passed bank's and loss. showed Not $32,400 charged to profit long ago it was compelled to turn into cash several thousand dollars of gas bonds held by Mosher. It was thought by local bankers who knew of the shaky condition of affairs, that Mosher would pull through with his private funds. but it is now known that he is swallowed up completely. The wreck will be total, it seems, and nothing will be left after the depositors are paid. What has caused the wreck is not known. A meeting of the other bankers was held this evening to provide against a possible run on the banks tomorrow. A representative of the Omaha banks came down on a special engine, bringing offers of assistance, and the bankers feel equal to any contingency.

2. January 23, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, January 23, 1893

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STOLE STATE FUNDS. Enormous Defalcation From a Lincoln Bank. The Sum Said to Amount to a Couple of Hundred Thousand-The Doors Closed. Special to THE MORNING CALD OMAHA, Neb., Jan. 22.-A Bee special com Lincoln says: The startling an. nouncement of the failure of the Capitol National Bank was made shortly after 11 o'clock to-night and with it came the statement that the State Treasurer had been caught in the crash to the extent of $250.000. It is stated that the failure is a bad one, but the exact condition of the bank cannot be ascertained to-night. The deposits amount to $625,000, and of this amount between $175,000 and $250,000 are State funds, for which the bond of the Treasurer will be responsible. The capital stock of the bank, amounting to $350,000, is all paid up. Cashier Outcalt stated that the assets would protect depositors, but there is a doubt expressed as to the correctness of the statement. State Treasurer Bartley is out of the city and no expression of the exact amount of the State funds on deposit can be obtained to-night. It is stated that Bartley's bond is for $3,100,000, $600,000 more than the law requires, and the bondsmen include nearly all the banks in Lincoln, two at Fremont, one at Columbus and the Globe Loan and Trust Company of Omaha, The present institution was built on the ruins of the Marsh Harvester Bank and the affairs of the bank have been in a bad shape for some time, What the immediate cause of the failure was is not known. A meating of other bankers was held this evening to provide against a run to-morrow, and, as a representative of the Omaha banks was present to offer assistance, the local bankers felt equal to any emergency. CHICAGO, Jan. 22.-A Lincoln special to a Tocal paper says: Bank Examiner Griffth demanded the books of the bank this morning. He soon discovered that something was wrong. A large sum is missing and the bank officials could not account for it. All they could say was that it had been stolen. The sum is said to reach $200,000.

3. January 23, 1893 Rock Island Daily Argus Rock Island, IL
Article from Rock Island Daily Argus, January 23, 1893

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FAILURE OF A NATIONAL BANK. The Capital at Lincoln, Neb., SuspendedLoss of the State. LINCOLN, Jan. 23.-The startling announcement of the failare of the Capital National bank was made late last night and with it came the announcement that the state treasurer was caught in the crash in the sum of $225,000. This news spread rapidly and caused much excitement. It was stated that the failure is a bad one, but the exact situation could not be ascertained last night. The State Amply Secured. The state is secured by a bond for $700,000. The deposits amount to about $625,000, and of this amount between $175,000 and $250,000 are state funds, for which the bond of the treasurer will be liable. Cashier R. C. Outcalt stated that the assets would protect the depositors, but there is great doubt expressed as to the correctness of this statement.

4. January 23, 1893 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 23, 1893

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that opposed the arrangement Mosher was influential enough with the powers that be at Washington to have the order rescinded. Already in a Tight Place. His opposition to the project was based on the fact that if Lincoln was made a reserve city right away the banks would have been compelled under the law to increase their reserves from 15 per cent to 25 per cent. The Capital National was already pressed for funds to meet the ordinary requirements of business and consequently was in no position to increase its reserve. The directors of the broken bank are C. W. Mosher, C. E. Yates, H. J. Walsh, Henry Guerner and R. O. Phillips. The officers are: C. W. Mosher, president. and J. Walsh, vice president; R. C. Outcalt, cashier. Among the stockholders are the Putnam estate, the Funke estate and the Holmes estate. and the trust money held in Escro by D. L. Thomson. The directors who retired at the last election were A. P. Stewart and D. E. Thomson. To Avoid a Run. A meeting of the bankers of this city was held at the Lincoln this evening to discuss the situation. It was feared that the trouble would precipitate a run on some of the other banks tomorrow morning and one of the first things done was . to make arrangements to prevent it. The Omaha banks were called on and they immediately responded by sending a representative on a special engine to assure the bankers here that every courtesy would be extended and that all needed assistance to meet any run that might take place would be forthcoming. How the State Stands. Secretary of State Allen stated tonight that the special bond given by the Capital National bank was approved by ex-Governor Boyd. Attorney General Hastings and the secretary of state. As to the amount of money that was on deposit with the Capital National bank, State Auditor Moore said the treasurer told him a day or two ago that it was about $250,000, or $75,000 more than there was on the 30th of November, when the report was made at the end of the fiscal year. The situation will undoubtedly result in the appointment of a special committee by the legislature to investigate matters.

5. January 24, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, January 24, 1893

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FAILURES. LINCOLN, Neb., Jan. 23.-The failure of the Capital National bank is announced. Bank Examiner Griffith demanded the books of the bank this morning. He began examining them at once, and soon discovered that something was wrong. A large amount of cash was missing, and the bank officials could not account for it. All they would say was that it had been stolen. The sum is said to reach $200,000. LINCOLN, Neb., Jan. 23.-The Capital National bank failure was the sole topic of conversation in Lancoln today. Hundreds of people surrounded the bank doors all morning, hoping against hope that they would swing out again. The bank numbers thousands of depositors, many of them of small means, who will lose from $500 to $2,000. The bank's paying 6 per cent interest way the attraction which drew their savings. A committee of the bankers of the city was in consultation all night, coutriving means to prevent any undue excitement and a consequent run on their institutions. President MacFarland of the First National bank stated this afternoon that he believed the bank would pay all depositors in full, but the stockholders would be compellod to put up a large sum of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the Capital National bank that he required $100,000 within the next week. Treasurer Bartley arrived this morning, He stated that inasmuch as the governor. secretary of stateand attorney general had approved the bond of Mosher and Outcalt for $700,000, under the law which went into effect when he took charge of the steate's funds, he and his bondsmen were released from all liability, which will fall upon the state. In qualifying on the bond Mosher swore that he was worth $500,000 and Outcalt $300,000. No statement of the liabilities has been made, but they are variously estimated from $300,000 to $600,000. SALT LAKE, Jan. 23.-Cohn Bros. one of the oldest and largest dry goods firms in the territory, have made an assignment to Emmanuel Cohn for the benefit of their crediters. The liabilities are $110,000. The assets have not been made public. Of the total indebtedness $34,000 is preferred for the benefit of fourteen home creditors. The unpreferred creditors are all eastern merchants-110 in number. LITTLE Rock, Ark., Jan. 23.-The First National bank, which has been undergoing an examination at the hands of the bank examiner, was today reorganized on a strong basis. YANKTON, S. D., Jan. 23.--The receiver of the defunct Scougal bank, in his report on its condition, touight, states that the affairs of the institution are badly mixed, and that great difficulty is encountered in arriving at a satisfactory result. The liabilities are placed at $127,000, and the assets at $77,000. The depositors now expect to realize about 15 per cent. upon their accounts against the bank. The bank has been insolvent for more than eight years.

6. January 24, 1893 The Record-Union Sacramento, CA
Article from The Record-Union, January 24, 1893

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Special to the RECORD-UNION. CHICAGO, Jan. 23.-The body of A.J. Morton, aged 25, a Philadelphia and Reading Coal Company clerk, was found in the Tolleston marshes to-day, frozen stiff. There was nothing of value on the body, and the police believe the young man was murdered and robbed. On Sunday Morton, accompanied by Thomas Stevenson, a member of the Calumet Shooting Club, went to the marshes hunting. They lost their bearings and Morton became exhausted. Stevenson carried him on his back until they fell in with a party, who told them where they were going. Miller said he would take Morton and put him on a Chicago train. This was agreed to, and Stevenson went to the clubhouse and came into town this morning to find Morton. On learning that nothing had been heard of him, he caused a search to be made, which resulted in the discovery. There were no wounds on the corpse, and it is thought the man was stunned and died from exposure or was killed outright by a blow on the head. A postmortem will be held tomorrow. POOR PEOPLE THE SUFFERERS. Lost Their Savings in a Nebraska Bank Failure. LINCOLN, Jan. 23.-The Capitol National Bank failure is the sole topic of conversation. Hundreds of people surrounded the bank all morning, but the doors remained tightly closed. The bank numbers thousands of depositors and many of small means. They will lose $500 to $2,000 each. Their savings were drawn to the bank by the payment of 6 per cent. interest. A committee of the bankers of the city was in consultation all night concerting means to prevent undue excitement and a run on the other institutions. President McFarland of the First National said to-day he believed the bank would pay all depositors in full, but the stockholders would be compelled to put up a large amount. The immediate cause of the failure was the fact that the State Treasurer notified the Capitol National that he should require $100,000 within the week. Treasurer Bartley arrived this morning. He states that inasmuch as the Governor, Secretary of State and Attorney-General approved the bond of Mosher and Cutwelt for $700,000, under the law which went into effect when he took charge of the State funds, he and his bondsmen are released from all liability, which will fall upon the State.

7. January 24, 1893 The Morning Call San Francisco, CA
Article from The Morning Call, January 24, 1893

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BIG INTEREST. How Deposits Were Drawn to the Capitol National Bank. LINCOLN, Jan. 23.-The Capitol National Bank failure is the sole topic of conversation. Hundreds of people surrounded the bank all morning, but the doors remained tightly closed. The bank numbers thousands of depositors and many of small means. They will lose $500 to $2000 each. Their savings were drawn to the bank by the payment of 6 per cent interest. A committee of the bankers of the city was in consultation all night concerting means to prevent undue excitement and a run en the other institutions. President McFarland of the First National said to-day he believed the bank would pay all depositors in full, but the stockholders would be compelled to put up a large amount. The immediate cause of the failure was the fact that the State Treasurer notified the Capitol National that he should require $100,000 within the week. Treasurer Bartley arrived this morning. He states that inasmuch as the Governor, Secretary of State and Attorney-General approved the bond of Mosher and Cutwelt for $700,000, under the law which went into effect when he took charge of the State funds, he and his bondsmen are released from all liability, which will fall upon the State. The official findings in the matter of the failure will not be ready for several days and possibly a week. The directors held a meeting this morning. but the result of their deliberations was not made public. Moser, the president of the bank, is out of at he will the city, but no one doubts return within a day or two.

8. January 24, 1893 The Salt Lake Herald Salt Lake City, UT
Article from The Salt Lake Herald, January 24, 1893

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A BANK FAILURE. The Capital National Bank at Lincoln, Neb., Closes Its Doors. Heavy Defalcation Said to Be the CauseThe State Caught for a Good Round Sum. LINCOLN, Neb., Jan. 23.-The startling announcement of the failure of the Capital National bank was made shortly after 11 o'clock last night, and with it came the statement that the state treasurer was caught in the crash to the extent of $250,000. The deposits amount to $650,000 and of that amount between $175,000 and $250,000 are state tunds. The capital stock was $350,000, all paid up. Cashier Outcalt stated that the assets would protect depositors, but there is doubt expressed as to the correctness of the statement. No expression of the exact amount of the state funds on deposit can be obtained. It is stated that Bartley's bond for $3,100,000 is $600,000 more than the law required, and his bondsmen include nearly all the banks in Lincoln, two at Fremont, one at Columbus and the Globe Loan and Trust company of Omaha. The affairs of the bank have been in a bad shape for some time. The failure was the sole topic of conversation. Hundreds of people surrounded the bank all morning, but the doors remained tightly closed. The bank numbers thousands of depositors, maly of small means who will lose $500 to $2,000 each. Their savings were drawn to the bank by the payment of 6 per cent. interest, A committee of bankers of the city were in consultation all night concerning means to prevent undue excitement and a run on other institutions. President McFarland, of the First National, said today he believed the bank would pay all depositors in full, but that the stockholders would be compelled to put up a large amount. The immediate cause of the failure was the fact that the state treasurer had not notified the Capitol National that he should require $100,000 within a week. Treasurer Bartley arrived this morning, and states that in asmuch as the govenor, secretary of state and attorney-general had approved the bond of Moser and Outcalt for $700,000 under the law, which went into effect when he took charge of the state's funds, he and his bondsmen are released from all liabilities which fall upon the state. Bank Examiner Griffiths demanded the books of the bank this morning. He soon discovered that something was wrong. A large sum is missing and the bank officials could not account for it. All they could say was that it had been stolen. The sum, it is said, will reach $200,000. Official findings will not be ready for several days, possibly a week. The directors held a meeting this morning but the result of their deliberations are not made public. The president of the bank is out of the city, but no one doubts he will return within a day or two.

9. January 25, 1893 The Indianapolis Journal Indianapolis, IN
Article from The Indianapolis Journal, January 25, 1893

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IMPEACHING A GOVERNOR. Nebraska Populists Charge Mr. Crounze with Malfessance and Carelessness. Special to the Indianapolis Journal. LINCOLN, Neb., Jan. 24.-This afternoon the House took official notice of the collapse of the Capital National Bank. Funds to the amount of $238,000 were deposited in the bank by the State Treasurer on approval of the bank bonds by Governor Crounze. When the House was in running order Mr. Barry, of Greely, offered the following resolution: Resolved, That the Attorney-general, the Senate concurring, is hereby ordered to present to the Supreme Court at the next session thereof, or as soon thereafter as possible, and within a period not to exceed five days after the next opening of the Supreme Court, which is to assemble on the 31stinst., articles of im peachment charging said Governor Crounze with willful neglect of duty in not more closely looking into said matter of said bond; with malfeasance in office, incompetency and carelessness in the performance of his official duties. Under the rules the resolution went over one day. The approval of the bank's bond by the Governor is in accordance with the law passed by the Populist Legislature two years ago. The law only says that the Governor. Attorsey-general and Secretary of State shall approve a bank's bond if the bank presents bondsmen who qualify in twice the amount of the deposit. No provision is made to test the truth of the qualitication.

10. January 25, 1893 Waterbury Evening Democrat Waterbury, CT
Article from Waterbury Evening Democrat, January 25, 1893

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TO IMPEACH GOV. CROUNSE. Resolution to that Effect Introduced in the Nebraska House. LINCOLN, Neb., Jan. 25.-The House has taken official notice of the collapse of the Capital National bank. In this bank funds to the amount of $238,000 were deposited on approval of the bank bond by Gov. Crounse. When the House was in running order, Barry, of Greeley, offered a resolution providing for the impeachment of Gov. Crounse. The Attorney-General is ordered to present to the Supreme Court at the next session articles of impeachment, charging Gov. Crounse with wilful neglect of duty in not more closely looking into the matter of the bond; malfeasance in office, incompetency, and carelessness in the performance of his official duties. Under the rules, the resolution went over for one day. The approval of the bank's bond by the Governor is in accordance with a law passed by the Populist Legislature two years ago.

11. January 25, 1893 Alexandria Gazette Alexandria, VA
Article from Alexandria Gazette, January 25, 1893

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# NEWS OF THE DAY. Alex. Jaynes completed his fifty days' fast at Koster & Bial's, in New York yesterday. Three young men of Kent county, Md., on Monday rode across the Chesapeake bay and back on horseback. The Pope had a current account of $300,000 with the Guerrini Banking Company, who closed their doors Monday. The four deceived wives of bigomist John K. Green, now in jail in Buffale, will join forces to send him to the penitentiary. The Holmes comet, which decreased steadily in brilliancy during December, has suddenly and mysteriously grown brighter, and is puzzling astronomers The radicals in Servia charge that the reconciliation of ex-King Milan and ex-Queen Natalie is a political scheme, and that Milan wants to establish a dictatorship. The upper house of the Alabama Assembly yesterday, by a vote of 17 to 15, refused to pass a bill granting a pension of $500 per year to the widow of Jefferson Davis. A natural gas explosion yesterday wrecked the National Exchange Bark in the new Doxey Hotel at Anderson, Ind., and caused a panic among the guests, although no one was injured. Albert Heyder, a German, of Buffalo, N. Y., who had just inherited a fortune, made the acquaintance of a girl in a railroad station in Chicago yesterday. He accompanied her to a dive, and was soon relieved of $5,000. In the preliminary trial of Charles Wells in London yesterday on the charge of swindling, in a London police court, it was shown that instead of breaking the bank at Monte Carlo, as the story had been told, he had lost £30,000 there. A resolution was introduced in the Nebraska legislature yesterday to impeach Gov. Crouse on a charge of wilful neglect of duty in not more closely examining the bond of the collapsed Capitol National Bank of Lincoln, in which the State lost $238,000. Mr. Cleveland and ex-Secretary of State Bayard were in conference in Lakeland, N. J., yesterday and ex-Secretary Whitney's arrival is awaited for a final conclusion of the Cabinet problem. It is believed here that Mr. Harrity is positively booked for the postmaster Generalship, and Mr. E. C. Wall, of Wisconsin, will, it is said, be tendered the Secretaryship of the Interior. While the majority of the people of Baltimore were hurrying home to their evening meals last night a terrible tragedy was being enacted in the Northern Annex, by which three lives were lost and a happy home filled with gloom and mourning. By the explosion of a gasoline stove at the home of Owen Rice, No. 2024 St. Paul street, his wife and two little children were burned to death and a portion of the house wrecked by the flames.

12. January 26, 1893 Audubon County Republican Audubon, IA
Article from Audubon County Republican, January 26, 1893

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NEBRASKA'S BROKEN BANK State Funds Tied Up in the ConcernWill Depositors Be Paid in Full. LINCOLN, Neb., Jan 25 - -The Capital City National Bank of this city is in the hands of the examiner. A large deficit was found to-day and the bank is closed. The deposits amount to $625,000, and of this sum about $200,000 is State funds, for which State Treasurer Bartley is liable on his bond, on which are nearly all the Lincoln banks, two at Frement, one private bank at Omaha and a capitalist or two out in the State. The capital stock of this bank is $350,000, all paid up. Cashier Outcalt asserts that the creditors will be paid in full, but others are not so hopeful. C. W. Mosher, late penitentiary contractor, was the president, J. Walsh, vice-president, and R. C. Outcalt, cashier Mosher was compelled some time ago by the bank examiner to assign the penitentiary contract and turn a lot of gas bonds into money. Omaha banks have assured other Lincoln banks that they will help them out in the event of run. State Treasurer Bartley is in Omaba, but is expected here to-night. The stockholders held a meeting today. It is said they will attempt to reopen within ten days.

13. January 26, 1893 The Princeton Union Princeton, MN
Article from The Princeton Union, January 26, 1893

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Capital Bank Failure. Lincoln. Neb., Jan. 24.-The Capital National bank failure is the sole topic of conversation in Lincoln to-day. Hundreds of people surrounded the bank doors during the day, hoping against hope that they would swing out again. The bank numbers thousands of depositors, many of small means, who will lose from $500 to $2,000; the bank paying 6 per cent interest being the attraction which drew their savings. A committee of bankers of the city was in consultation all night concerting means to prevent any undue excitement and a consequent run on their institutions. President MacFarland, of the First National, stated that he believed the bank would pay all depositors in full, but the stockholders would be compelled to put up large sums of money to do so. The immediate cause of the failure was the fact that the state treasurer had notified the Capital bank that he should require $100,000 within the next week. Treasnuer Bartley has arrived, and states that inasmuch as the governor, secretary of state and attorney general had approved the bond of Mosher and Outcalt for $700,000, under the law which went into effect when he took charge of the state funds. he and his bondsmen were released from all liability, which will fall upon the state. In qualifying on the bond; Mosher swore that he was worth $500,000 and Outcalt $300,000.

14. January 27, 1893 Iowa County Democrat Mineral Point, WI
Article from Iowa County Democrat, January 27, 1893

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NEBRASKA'S BROKEN BANK. State Funds Tied Up in the Concern- Will Depositors Be Paid in Full. LINCOLN, Neb., Jan 23. -The Capital City National Bank of this city is in the hands of the examiner. A large deficit was found to-day and the bank is closed. The deposits amount to $625,000, and of this sum about $200,000 is State funds, for which State Treasurer Bartley is liable on his bond on which are nearly all the Lincoln banks, two at Frement, one private bank at Omaha and a capitalist or two out in the State. The capital stock of this bank is $350,000, all paid up. Cashier Outcalt asserts that the creditors will be paid in full, but others are not so hopeful. C. W. Mosher, late penitentiary contractor, was the president, J. Walsh, vice-president, and R. C. Outcalt, cashier Mosher was compelled some time ago by the bank examiner to assign the penitentiary contract and turn a lot of gas bonds into money. Omaha banks have assured other Lincoln banks that they will help them out in the event of run. State Treasurer Bartley is in Omaha, but is expected here to-night. The stockholders held a meeting to-day. It is said they will attempt to reopen within ten days.

15. February 10, 1893 Fisherman & Farmer Elizabeth City, Edenton, NC
Article from Fisherman & Farmer, February 10, 1893

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BAD BANK FAILURE. The Capital National of Lincoln, Neb. Goes Under. The Capital National Bank of Lincoln, Neb., has failed, and the State Treasurer 19 caught for about $250,000. It is state] that the failure is a bad one. The deposits amount to about $525,000. I and of this amount between $175,000 and $250,000 are State funds, for which the bond of the Treasurer will be liable. The capita stock of $350,000 is all paid up. Cas hier D. C. Cutcalt stated that the assets wo uld protect the depositors, but there is gre at doubt expressed as to the correctness of t his state ment. A meeting of bankers was h eld at the Lincoln to discuss the situation. It was feared that the trouble would precipitate a run on some of the other ban'ts, and one of the first things done was to make arrange ments to prevent it. The Omah banks were called on and they immediately responded by send ing a repre sentative on a special engine to assure the bankers here thatevery courtesy would be extended and that all needed assistance to meet any run that might take place would be forthcoming.

16. February 24, 1893 The Wichita Daily Eagle Wichita, KS
Article from The Wichita Daily Eagle, February 24, 1893

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FAILURES. LOUISIANA, Mo., Feb. 23.-John W. Fritz failed today. His liabilities are $35,000 and his assets $32,000. He gave a deed of trust on all his property to Taylor Frier, trustee, for the benefit of his creditors. Too much wheat speculation is the cause. ATLANTA. Ga., Feb. 23. - Bank Examiner Williams assumed charge of the Gate City National bank today. The latest developments put the amount of the defalcation of Assistant Cashier Redwine at $70,000. President Hall says that the depositors will be paid in full. The bank owes depositors $800,000. LINCOLN, Neb., Feb. - -The state banking board has taken charge of the Farmers and Merchants bank at Elk Creek, whose affairs are in a bad shape. The true condition of the concern cannot be learned now. The deposits are not large. Cashier Holmes is under arrest. ST. PAUL, Minw., Feb. 23.-An assignment deed of the Baupre Mercantile company to Theodore Borup was filed in the district court this afternoon. The firm, which is old and prominent, at last succumbed to adverse circumstances which have been gathering around it for a long time. The members will make no state. ment, but from outside sources it is learned that the failure is a general one; that there are nopreferences, and that no releases from creditors would be req uested. The assets foot up about $200,000, while the liabilities approximate $400,000. LINCOLN, Neb., Feb. 23.-Another lot of forged paper, aggregating $200,000, has been brought to light in the Capital National bank case. One batch of the notes, now in the hands of attorneys for collection for eastern banks, amounting to $175,000, is signed by an employer of Mosher's, named Hurlbuti and indorsed by Mosher as president of the bank. They were floated by Mosher and the money sequestered by him. Mosher admits that he got the cash, but refuses to say where any of it went. It is now stated by conservative men who are intimate with the affairs of the institution that the bank's liabilities exceed $1,200,000, with the assets practically nothing. It is not expected that the bank will pay 10 cents on the dollar. The Lincoln business men who have had faith in the statement that a full settlement would be made, are greatly excited tonight. It has also come out that the amount of county and city funds on deposit is- greatly in excess of what was at first given out. NEW YORK, Feb. 23.-It is rumored that a receiver will be appointed tomorrow for the United States and Brazil Steamship company, of which C. P. Huntington is one of the directors.

17. May 21, 1893 St. Paul Daily Globe Saint Paul, MN
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the liabilities. The trouble, they say, D that the assets are not available. S. H. Kneeland, the principal owner of the Toledo, St. Louis & Kansas City railroad, says the receivership for the property was brought about by the re fusal of the preferred stockholders la consent to a consolidated mortgage or equipment and sidings at the rate a $10,000 a mile. The road, he says, is ab right. It is in first-class physical condi4 tion, but needs more rolling stock to en able it to compete with the Pennsy! vania and the Big Four systems. Th large bondholders propose to reorganiz the property. 0 CHICAGO, May 20. - The firm Turner, Dickinson & Co., iron founder. went into the hands of a receiver today Liabilities $60,000. The Acme Ba company assigned today. Liabilitie $45,000. WASHINGTON, May 20.- Comptrolle Eckels has appointed W. H. Horine Sr of Waterloo, III., a national bank ex aminer, and K. K. Hayden, of Lincolif Neb., reoeiver of the Capital Nationa bank, of Lincoln, vice J. K. McFarland resigned.

18. June 21, 1893 Watertown Republican Watertown, WI
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NEWS PARAGRAPHS. ONE of the Booneville, Mo. bank robbers has been captured in Arkansas. DR. GEORGE RABER, a dentist, died at Martinsville, Ind., from a overdose of cocaine. FINKLEY DRESSER & Co., Boston stationers, have assigned. Liabilities, $150,000. MINNIE PALMER'S suit against John R. Rogers for divorce is being heard at New York. THE New York Southern Society has decided to abandon the club features of its organization. THE next meeting of the International Typographical Union will beheid in Louisville, Ky. JUDGMENTS have been entered at Pittsburg against the Duquesne Iron Works for $350,000. A MANDARIAN betrayed French troops at Camoun, Siam, and several French soldiers were slain. A REWARD of $500 has been offered for the arrest of two burglars who killed James R. Harrisat Minneapolis. THE Oregon and Washington Mortgage Company of Portland, Ore., failed with small liabilities and small assets. MRS. JOHN HERMES was chloroformed and robbed of $325 while riding to Cincinnati on an Ohio & Mississippi train. COMPTROLLER ECKELS has appointed Robert M. Ditty receiver of the Citizens' National Bank of Hillsborough, O. JOHN MORIARITY, the murderer of Clell Street, committed suicide in the jail at Anderson, Ind., by hanging himself. ORIN CRANDALL, of Braidwood, Ill., was arrested on a charge of murdering Miss Lou Lester March 25, in Braidwood. GEORGE SMITH, a patient in the Ohio Insane Asylum, was murdered. Other patients say he was killed by brutal attendants. A MASS meeting at Portland, Ore. adopted resolutions calling on President Cleveland to enforce the Chinese exclusion law. DURING the run on the Muskegon, Mich., Savings Bank, $60,000 was drawn out. The usual sixty-day notice has been given depositors. HENRY F. LEGG, a jeweler of Minneapolis, Minn., assigned with liabilities assets of from $40,000 to $50,000. His are placed at the same amount. BURSTING steam pipe on the excursion steamer Josephine, at La Grange, Ill., caused a panic among 1,000 passengers. Several persons were hurt. HARRY GARDNER, a traveling salesman of Ottumwa, Ia., was arrested in Washington, Ia., charged with the embezzlement of $1,000 from his employers. THE steamers Ranger, Mohican and Corwin, and the British man-of-war Petrel, aré at Sitka awaiting orders before proceeding to Behring Sea. EDWARD M. FIELD, supposed to be confined in the State Insane Asylum at Buffalo, N. Y., is permitted to go about the city of Buffalo without an attendant. AT Leadville, Col., Dr. Schmeidinger tried to kill his divorced wife, but only wounded her in the leg. The woman's refusal of a reconciliation led to the shooting. MRS. JOHN KREY, of Dakota County, Minn., was stricken with typhoid fever. She refused to take any medicine, being attended by Christian Scientists. The result was death. THE Kentucky House defeated a bill to move the capital to Louisville. The fight for removal has been going on for forty years, but yesterday's result is final, made SO by the constitution. IT is said that Michael W. Ryan, of Chicago, formerly county clerk, and known among politicians as Big Mike' Ryan, is the dark horse in the race for the collectorship of internal revenue at Chicago. IT was reported that Marie Wainwright, the actress, is to be married to Paul Schultz, of Tacoma, Wash., who is a director of the Tacoma Land Company and president of the Tacoma Club and a millionaire. THE comptroller of the currency at Washington has issued a call on the stockholders of the defunct Capital National Bank at Lincoln, Neb., for a full In assessment of $100 on each share. this way $300,000 will be realized. GEORGE BENEWITZ and Frank Tengen, two more of the men indicted by the grand jury for participation in the socalled ex-Priest Rudolph riot at Lafayette, Ind. came into court and entered pleas of guilty to disturbing a public meeting. EXPERTS who have been examining the books of A. Bailey, the well-known missing grain man at Duluth, Minn., find that he was in debt to his partners in Minneapolis many thousand dollars is at the time of his disappearance. It believed that he committed suicide. CHARLES THORSON died from sunstroke at Ishpeming, Mich. LOCUSTS appeared in Pettis County, Mo., in vast numbers. IDA HAMM, 8 years old, was burned to death at Trenton, Ill., by gasoline exploding. THE Duke of Veragua is no longer a guest of the nation. He will travel incognito. THE paraffine works of Merriam & Morgan at Cleveland, were destroyed by fire. Loss, $200,000. HOLMES CONRAD, of Virginia, has been appointed to succeed John B. Cotton as assistant attorney-general. THE Supreme Lodge of the Knights of Honor has created the office of supreme medical examiner. JOHN SIMPSON, aged 15, was arrested at Steubenville, O., for stealing a horse and trading it for a shotgun. TWD trunks from Toronto were seized at Buffalo and were found to contain pounds of smuggled opium.

19. July 10, 1893 The Madison Daily Leader Madison, SD
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Mosher Gets Five Years. WASHINGTON, July 10.-Charles W. Mosher, the convicted president of the wrecked Capitol National bank of Lincoln, was sentenced to five years at Sioux Falls penitentiary for falsifying records. He will be detained at Lincoln for a time to help the receiver wind up the affairs of the bank.

20. July 15, 1893 Custer Weekly Chronicle Custer, SD
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Chas W. Mosher, the wrecker of the Capital National Bank, of Lincoln, Neb., has been sentenced to five years imprisonment in the federal penitentiary at Sioux Falls, this state. Mosher pleaded guilty to the charge of falsifying the records of the bank for the purpose of deceiving the examiner. He will not be taken to Sioux Fallsimmediately, but will go to Lincoln in the custody of officers and will assist the receiver in straightening out the sadly complicated affairs of the bank.

21. April 7, 1894 The Courier Lincoln, NE
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Mr. R. E. Moore is regarded as one of the best informed men in Lincoln, and his views of financial and business subjects always receive much consideration. He is noted for his conservatism. Hence the decidedly hopeful view he takes of the outlook for Nebraska in an article written by him for THE COURIER and which appears elsewhere in this issue will be generally encouraging. Mr. Moore is never optimistic unless he has good cause. He has ample opportunities for acquiring the most reliable information, and what he says rests on a solid basis of fact. We cannot recall any instance, in this country at least, where a man of position and prominence has made such a shameless disclosure of his own depravity as the story told on the witness stand by Colonel Breckinridge. This aged and honored man tells unblushingly the details of his own infamy; testifies to the manner in which he disregarded the hallowed domestic ties, and dishonored his wife and family by conduct, the recital of which would bring the blush of shame to the acknowledged roue, but which apparently, has no effect on the conscience of this venerable, lascivious brute who found so much pleasure in masquerading as a gentleman and a Christian aud addressing assembles of the church, and instructing the students of young ladies' seminaries. Uuless we are very much mistaken the end of this case will be a tragedy of some sort. Breckinridge might better have popped a gun at his head than allow the case to go on and needlessly humiliate a number of innocent persons. The little men of the News whom we offended by some more or less plain remarks about their picturesque campaign for purity in politics, are disposed to bestow upon us a large measure of their most exalted consideration, and they say some things about us that are probably meant to be unkind. The News as at present conducted is the most interesting paper in the city. Journalism as Messrs Dobbins and Westermann find it is an altogether different affair from what some people have supposed it to be, and the efforts of these gentlemen to carry out their unique ideas will always be interesting The News can hardly be regarded seriously as yet. It may eventually mature; but just now it is struggling under a distinctly juvenile management, and for us to make any serious criticism beyond what we said last week would not be kind, and we are not inclined to hurt the feelings of our friends in the News foundling asylum. We may be permitted to express our admiration, however, for the nerve of these chaps in talking about corruption in politics. To be able to write so eloquently of the evils of corruption and the wickedness of its contemporaries, notably THE COURIER, and so glibly prate of purity, in such an atmosphere as that which hovers about the sanctum of the squawking News, is a most valuable accomplishment,and we congratulate our friends on their remarkable self-possession and complacency. Receiver Hayden is said to be very confident that the beautiful residence of C. W. Mosher will be turned over to Capital National depositors. He expects to be able to show conclusively that the mansion was purchased out of funds belonging to the bank.