City National Bank (Hastings, NE)

Episode Information

Episode UID
309901088
Episode Type
Run β†’ Suspension β†’ Closure
Bank Type
national
Bank ID
30990 national
Charter Number
3099
Start Date
August 29, 1890
Location
Hastings, Nebraska (40.586, -98.388)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
cea09764ed359ac8

Response Measures

Capital injected, Full suspension

Receivership Details

Depositor recovery rate
34.2%
Date receivership started
1891-01-14
Date receivership terminated
1896-10-07
OCC cause of failure
Excessive lending
Share of assets assessed as good
22.1%
Share of assets assessed as doubtful
27.3%
Share of assets assessed as worthless
50.6%

Description

Bank suspended after withdrawals/poor loans, briefly reorganized/reopened, but was later forced to the wall and a receiver requested.

Events (7)

1. December 27, 1883 Chartered
Source
historical_nic
2. August 29, 1890 Run
Cause
Bank Specific Adverse Info
Cause Details
Poor-quality loans at the bank; precipitating large withdrawal of $25,000 by the county treasurer.
Measures
Closed doors; suspended payment.
Newspaper Excerpt
The City National bank closed its doors this morning. The failure is attributed to the poor character of Its loans, and was precipitated by the county treasurer withdrawing a deposit of $25,000.
Source
newspapers
3. August 29, 1890 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Suspension attributed to poor loans and large withdrawal by county treasurer.
Newspaper Excerpt
The City National Bank of Hastings, Neb, suspended on Friday morning. The suspension is attributed to the poor character of the loans, and was precipitated by the county treasurer withdrawing a deposit of $25,000.
Source
newspapers
4. September 28, 1890 Reopening
Newspaper Excerpt
The City National Bank of [the] city, which suspended payment about the ... weeks ago on account of a severe run will be reopened next Monday by consent of the control of currency for the purpose of liquidating indebtedness. Last night ... a new organization was effected ... E. M. Morseman of Omaha as president, A. W. Jones as cashier.
Source
newspapers
5. December 28, 1890 Other
Newspaper Excerpt
The City National bank has been forced to the wall, and the authorities at Washington have been notified to send on a receiver. No statement of assets and liabilities has been made.
Source
newspapers
6. December 28, 1890 Receivership
Newspaper Excerpt
At a meeting of the stockholders of the City National Bank ... it was resolved to close its doors. The Comptroller of the Currency at Washington has been telegraphed to send a receiver. Balances owing to eastern correspondents and the presentation of time deposit certificates have reduced the funds below the legal limit and forced it to the wall. The bank holds a large amount of overdue paper upon which it has been unable to realize.
Source
newspapers
7. January 14, 1891 Receivership
Source
historical_nic

Newspaper Articles (19)

Article from The Madison Daily Leader, August 30, 1890

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Article Text

Strike Declared Off. The switchmen at the stock yardsheld a meeting this morning and declared the strike off. to go into effect as I o'clock today. The Lake, Shore strike is virtually settled, forty-Nèven of the men having signed an agreement to do work as ordered. This leaves'about twenty men. They will not be taken back and their places will be filled to-day. BANK FAILURE AT HASTINGS, The Collapse of the City Bank Hastened by the Withdrawal of a Large Deposit. HARTINGS. Nob., Aug. 29.- The City National bank closed its doors this morning. The failure is attributed to the poor character of Its loans, and was precipitated by the county treasurer withdrawing a deposit of 825,000.


Article from Pittsburg Dispatch, August 30, 1890

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# LATE NEWS IN BRIEF. -The British have assumed possession of the Shire highlands. -The Egyptian cotton crop is estimated at 146,250,000 pounds. -London dockmen have cabled $5,000 to the striking Australian dockmen. -A mammoth horticultural exhibition is promised for the World's Fair. -Merrill E. Gales, has formally accepted the presidency of Amherst College. -Vienna is scared over an alleged case of Asiatic cholera in the city limits. -Fire destroyed a summer hotel at Elkhart, Wis. Guests escaped. Loss, $10,000. -Encouraging reports from the Memphis district show that cotton is still king. -Bombs exploding at police headquarters in Trieste have caused much excitement. -Yates & Fay's saw mill, at Bay City, Mich., was burned to the ground. Loss, $60,000. -A panic was caused by the collision of cable cars in a Chicago tunnel, but no one was hurt. -It is secretly given out that President F. H. Harriman has resigned his office on the Illinois Central. -Tristam Burgess, a prominent Knight Templar, died at his home, near San Jose, Cal., last night. -Hundreds of families of Russian Jews are arranging to emigrate to Jerusalem to escape persecution. -J. J. Brown, Vice President of the Farmers' Bank of Broken Bow, Neb., has mysteriously disappeared. -Portugal has protested to the powers against the incorporation of the Lunda and Muata-yamoo territory by Congo. -A slight skirmish is reported to have taken place on the Asiatic frontier of Turkey between Americans and Kurds. -The City National Bank, of Hastings, Neb., failed on account of the County Treasurer withdrawing a $25,000 deposit. -John Davis, the colored jockey who was mysteriously shot at the Westside Driving Park, Chicago, died yesterday. -The Ameer of Cabul is reported to have returned to this capital in triumph, having subdued his rebellious subjects. -Wiliam A. Quigley, a prosperous farmer near Grand Rapids, was brutally murdered Wednesday night, by unknown men. -W. M. Daniels, charged with murder, and C. C. Crissman, convicted of horse stealing, escaped from jail at Auburn, Cal., by the aid of files and drills. -Mr. Downer Adams, who for the past three years has been Assistant Auditor of Freight Accounts of the New York Central and Hudson River Railroad, has been appointed Auditor of the Wheeling and Lake Erie Railroad, with headquarters at Toledo, O.


Article from Delaware Gazette and State Journal, September 4, 1890

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A dispatch from Portland, Me., says bat one of the Leary raits has gone ashortat Rock Island and is a total loss. A cattle train on the Baltimore & Olio rafiroad was wrecked near Oakland, Mr., on Friday afternoon. A fireman was killed and the cattle were scattered in every d. rection. The City National Bank of Hastings, Neb, suspended on Friday morning. The sus pension is attributed to "the poor charac ter of the loans," and was precipitated b: the county treasurer withdrawing a deposi of $25,000. Mrs. J. H. McKenzie of Duke Centre, Mc Kean c unty, Pa., committed suicide 01 Friday by cutting her throat with a razor Despondency, caused by the depravity of a daughter, was the cause. william Luman, aged 19 years. was shot and fatally wonnded. in New York, Friday, by William J. Kehoe, a bartender. Luman was under the Influence of liquor and misbehaved in the smoon. Kehoe followed him to the street and shot him. A. cable car on the Washington street tunnel in Chicago on Friday collided with a runaway train descending the opposite incline, Frank Metzger, an express agent of St. Paul, was killed, and several others were injured. The gripmen is blamed for the collision. Charles Fichner of Philadelphia, arrived at New York on Friday on the steamer Lahn, from Bremen. He had a quantity of jewelry and meerschaum pipes and cigarholders on which no duty was paid. The goods were seized by the customs authorities. A telegram from Pittsburg announces the combination of window glass manufacturers. This combination, it is said, will control the output of all the factories In the western and northern districts Immediately, and all the factories in the United States ultimately. Fifteen Oninamen arrived by steamer last week at Victoria from San Francisco, where they had been refused a landing. They say they will work their way across the sound into Washington and thenes south to their original destination in San Francisco. Within the last month or 80 & large number of Chinese have arrived at Victoria, from which point they lay their plans for smutaling themselves in the United States.


Article from Evening Star, September 23, 1890

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Article Text

Hars' Bank Will Reopen. HASTINEB., Sept. 28.-The City National Bank of city, which suspended payment about theeks ago on account of a severe run will bned next Monday by consent of the controf currency for the purpose of liquidatiriebtedness. Last night at a meeting bekholders a new organization was effectith E. M. Morseman of Omaha as presided A. W. Jones as cashier.


Article from The Portland Daily Press, December 29, 1890

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Article Text

Forced to the Wall. OMAHA, Neb., December 28.-A special to the Bee from Hastings, Neb., says the City National Bank has been forced to the wall and the authorities at Washington have been notified to send a receiver. No statement of assets and liabilities is made.


Article from Los Angeles Herald, December 29, 1890

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Article Text

A Bank Failure in Nebraska. OMAHA, Dec. 28.-The Bee's Hastings, Neb., special savs that the City National bank has been forced to the wall, and that the authorities at Washington have been notified to send on a receiver. No statement of assets and liabilities has been made.


Article from The Anaconda Standard, December 29, 1890

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Article Text

Forced to the Wall, OMAHA, Dec. 28.-The Bee's Hastings, Neb., special says that the City National bank has been forced to the wall, and that the authorities at Washington have been notified to send on a receiver. No statement of the assets and liabilities has been made.


Article from St. Paul Daily Globe, December 29, 1890

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Nebraska Bank Failure. HASTINGS, Neb., Dec. 28.-The City National bank has been forced to the wall, and the authorities at Washington have been notified to send on a receiver. No statement of assets and liabilities has been made.


Article from The Morning Call, December 29, 1890

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Another National Bank Gone. OMAHA, Dec. 28.-The Bee's Hastings (Nebr.) special says that the City National Bank has been forced to the wall and that the author rities at Washington have been notified to send a receiver. No statement of the assets and liabilities has been made.


Article from Fort Worth Daily Gazette, December 29, 1890

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Forced to the Wall. OMAHA, NEB, Dec. 28.-A special from Hastings, Neb., says the City national bank has been forced to the wall, and that the authorities at Washington have been notified 10 send a receiver. No statement of assets and liabilities has been made.


Article from New-York Tribune, December 29, 1890

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A NATIONAL BANK SUSPENDS. Omaha, Neb., Dec. 28.-A dispatch to "The Bee" from Hastings, Neb., says that the City National Bank has been forced to the wall, and that the authorities at Washington have been requested to send on a receiver. No statement of assets and liabilities has been made.


Article from Evening Journal, December 29, 1890

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A Bank in Trouble. OMAHA, Neb., Dec. 29.-A special from Hastings, Neb., says: At a meeting of the stockholders of the City National bank, held Saturday night, it was resolved to close its doors. The comptroller of currency at Washington has been telegraphed to send a receiver. Balances owing to eastern correspondents and the presentation of time deposit certificates have reduced the funds below the legal limit and forced it to the wall, The bank holds a large amount of overdue paper, which it has been unable to realize. Just h - 48 was D . mabilities and assets stand cannot be learned, but it is admitted that the bank's affairs are in extremely bad shape.


Article from Telegram-Herald, December 31, 1890

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W. A. SHINKMAN, City Clerk. INSOLVENT FIRMS. A Number of Business Houses Forced to Suspend. Sr. PAUL, Minn, Dec. 20.-Dispatches from Hastings, Neb., say that the City National Bank has suspended. The bank has a paid-up capital of $100,000; surplus, $20,000; undivided profits, $11,500. No statement of assets or liabilities has been made. NEW YORK, Dec. 30.-Frank R. Walker, paper manufacturer at 28 Bond street, has made an assignment to John McDowan. The liabilities are estimated at $80,000. Montgomery & Co., tea auctioneers at 132 Front street, have made an assignment to Alfred Z. Reeves, with preferences. The assignors have a capital of $100,000. The diamond and jewelry store of Albert Jahn at 390 Eighth avenue is in charge of the sheriff. Jahn has been missing since Christmas, and his safe, which was opened Monday, contained, instead of $20,000 worth of stock, only a penny and a lot of pool tickets on the Guttenberg race. Silver-plated ware in the store will amount to $1,500. Jewelers are creditors in sums ranging from $32 to $6,820, the whole aggregating $16,000. Jahn's wife says his only bad habit was "playing" the races. Detectives are looking for the missing jeweler. WAUPACA. Wis., Dec. 80.-Banker F. Coolidge, who failed recently and was arrested on a charge of receiving deposits when the bank was insolvent, was examined Monday and discharged by Justice Woods, who held that there was no reasonable ground for holding him for trial. KANSAS CITY, Mo., Dec. 30.-The Manhattan Clothing Company, Henry Lewis, president, of 501 and 503 Main street, has assigned with liabilities of about $50,000, assets about the same. Pressure by Eastern creditors is given as the cause of the failure. ATLANTA. Ga., Dec. 30.-J. R. Thornton, a book dealer. has failed. The liabilities are $16,000; assets not known.


Article from The Enterprise, December 31, 1890

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FORCED TO SUSPEND. Directors of the City National Bank of Hastings, Neb., Decide to Close Its Doors. HASTINGS, Neb., Dec. 29.-At a meet. ing of the stockholders of the City National Bank held Saturday night it was resolved to close its doors. The Comptroller of the Currency at Washington has been telegraphed to send a receiver. Balances owing to Eastern correspondents and the presentation of time deposit certificates have reduced the funds below the legal limit and forced it tc the wall. The bank holds a large amount of over-due paper upon which it has been unable to realize. Justhow the liabilities and assets stand can not be learned, but it is admitted that the bank's affairs are in extremely bad shape.


Article from The Worthington Advance, January 1, 1891

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State University at Ann Arbor, Mich., were drowned while shating. THE marriage of a boy of 17 and a girl of 13 took place at Columbia, Mo., and the wedding presents included a doll and a wooden gun. SAMUEL MICKLES shot and killed his daughter, fatally wounded his wife and then took his own life in St. Louis. Despondency in business was the cause. EISEMAN & Co., dry-goods dealers at Council Bluffs, Ia., failed for $300,000; , assets, $350,000. THE first Legislature of Oklahoma adjourned after passing a complete cose of laws. THE house of Samuel Malone, an old soldier, at Holden, Mo., was burned, Malone and his brother-in-law, John Hicks, perishing in the flames. FIRE at San Augustine, Tex., destroyed two hotels, half a dozen stores and many houses. THE death of Pedro Antonio Lopez, aged 115 years, occurred at his home near Santa Fe, N. M. FIVE negroes, arrested for the murder of Dr. E. H. Riggan, were taken from jail at Mecklenburg, Va., and lynched. CLAUDE MCCARTY and John Mahar, aged 12 and 13 years, were drowned while skating at Muskegon, Mich. THE doors of the Maverick Bank of San Antonio, Tex., were closed after a run lasting three weeks. The liabilities were said to be $844,161 and the assets $1,789,915. IN Ottawa, Kan., Mr. and Mrs. J. W. Strong had on Christmas bidden guests to celebrate the fifty-first anniversary of their marriage, but in the morning Mr. Strong expired suddenly, and a few hours later his wife passed away in a similar manner. FLAMES destroyed the Edisto phosphate and fertilizing works at Charleston, S. C. Loss, $200,000. IN the streets of Chicago Dr. H. A. Kelso, of Paxton, III., was robbed of $5,000 in money and a watch worth $200. W. J. KITTRELL, chief of police at Gainesville, Ga., was shot dead by John Pruitt, a negro desperado, and Pruitt was killed by another officer. THE death of Mrs. Sidney Ann Wilhite (colored) occurred at Sedalia, Mo., at the age of 106 years. She weighed 250 pounds and had been totally blind for several years. JOHN OLIVER and Ed Gallagher engaged in a dispute over a girl at Center Furnace, O., and both were killed. THE death of M. A. Dauphin, president of the Louisiana State Lottery Company, occurred at his house in New Orleans of pneumonia, aged 53 years. CARL REHER, a farmer at Carlisle, Minn., in a fit of anger killed his wife and son and fatally wounded his daughter and then took his own life. FIRE destroyed the freight depot of the Little Miami railroad at Cincinnati, causing a loss of $150,000. A BOILER explosion wrecked seven dwelling houses at Cincinnati, killing a child and a woman and severely injuring five other persons. FLAMES ruined the Bijou Theater in Minneapolis, Minn. THE six-day go-as-you-please contest in St. Louis was won by Herty, who made 518 miles and received about $1,000. HUNTER & WEST, bankers at Greeley, Col., failed for $100,000, and the City National Bank at Hastings, Neb., closed its doors. THE oldest man in Ohio, William Roach, died in Cleveland at the age of 104 years and 10 months. AT Columbia, Tenn., a fire destroyed twenty buildings. ON the 27th Big Foot and his band of hostiles were captured by the Seventh Cavalry under Captain Whitesides. The seizure was made on Porcupine creek in South Dakota without a conflict. All the other Indians in the Bad Lands had decided to surrender, and the probabilities were that the trouble was ended. IN Llano County, Tex., tin in great quantity was discovered.


Article from River Falls Journal, January 1, 1891

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were hurt, two fatally. IN Clay County, Ky., Robert Gregory, a merchant. was assassinated by the 15-year-old son of Thomas Woods, who had been killed by Gregory. AT Viroqua, Wis., fire destroyed a block of business buildings, causing a loss of $150,000. JOHN and Peter Kane, noted desperadoes, were shot dead by Marshal Booth while resisting arrest at Hinckley, Minn. FRANK E. DICKINSON, of Dubuque, Ia., and Minnie Brundage, of Long Island, N. Y., medical students in the State University at Ann Arbor, Mich., were drowned while skating. THE marriage of a boy of 17 and a girl of 13 took place at Columbia, Mo., and the wedding presents included a doll and a wooden gun. SAMUEL MICKLES shot and killed his daughter, fatally W unded his wife and then took his own life in St. Louis. Despondency in business was the cause. EISEMAN & Co., dry-goods dealers at Council Bluffs, Ia., failed for $300,000; assets, $350,000. THE first Legislature of Oklahoma adjourned after passing a complete code of laws. THE house of Samuel Malone, an old soldier, at Holden, Mo., was burned, Malone and his brother-in-law, John Hicks, perishing in the flames. FIRE at San Augustine, Tex., destroyed two hotels, half a dozen stores and many houses. THE death of Pedro Antonio Lopez, aged 115 years, occurred at his home near Santa Fe, N. M. FIVE negroes, arrested for the murder of Dr. E. H. Riggan, were taken from jail at Mecklenburg, Va., and lynched. CLAUDE MCCARTY and John Mahar, ared 12 and 13 years, were drowned while skating at Muskegon, Mich. THE doors of the Maverick Bank of San Antonio, Tex., were closed after a run lasting three weeks. The liabilities were said to be $844,161 and the assets $1,789,915. IN Ottawa, Kan., Mr. and Mrs. J. W. Strong had on Christmas bidden guests to celebrate the fifty-first anniversary of their marriage. but in the morning Mr. Strong expired suddenly, and a few hours later his wife passed away in a similar manner. FLAMES destroyed the Edisto phosphate and fertilizing works at Charleston, S. C. Loss, $200,000. IN the streets of Chicago Dr. H. A. Kelso, of Paxton, III., was robbed of 35,000 in money and a watch worth $200. W. J. KITTRELL, chief of police at Gainesville, Ga., was shot dead by Jo in Pruitt, a negro desperado, and Pruitt was killed by another officer. THE death of Mrs. Sidney Ann Wilhite (colored) occurred at Sedalia, Mo., at the age of 106 years. She weighed 250 pounds and had been totally blind for several years. JOHN OLIVER and Ed Gallagher engaged in a dispute over a girl at Center Furnace, O., and both were killed. THE death of M. A. Dauphin, president of the Louisiana State Lottery Company, occurred at his house in New Orleans of pneumonia, aged 53 years. CARL REHER, a farmer at Carlisle, Minn., in a fit of anger killed his wife and son and fatally wounded his daughter and then took his own life. FIRE destroyed the freight depot of the Little Miami railroad at Cincinnati, causing a loss of $150,000. A BOILER explosion wrecked seven iwelling houses at Cincinnati, killing a :hild and a woman and severely injuring five other persons. FLAMES ruined the Bijou Theater in Minneapolis, Minn. THE six-day go-as-you please contest n St. Louis was won by Herty, who nade 518 miles and rece ved about $1,000. HUNTER & WEST, bankers at Greeley, Col., failed for $100,000, and the City National Bank at Hastings, Neb., closed its doors. THE oldest man in Ohio. William Roach, died in Cleveland at the age of 104 years and 10 months. AT Columbia, Tenn., a fire destroyed twenty buildings. ON the 27th Big Foot and his band of hostiles were captured by the Seventh Cavalry under Captain Whitesides. The seizure was made on Porcupine creek in South Dakota without a conflict. All the other Indians in the Bad Lands had decided d and the probabili-


Article from Warren Sheaf, January 1, 1891

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of 13 took place at Columbia, M.O., and the wedding presents included a doll and a wooden gun. SAMUEL MICKLES shot and killed his daughter, fatally wounded his wife and then took his own life in St. Louis. Despondency in business was the cause. EISEMAN & Co., dry-goods dealers at Council Bluffs, Ia., failed for $300,000; assets, $350,000. THE first Legislature of Oklahoma adjourned after passing a complete code of laws. THE house of Samuel Malone, an old soldier, at Holden, Mo., was burned, Malone and his brother-in-law, John Hicks, perishing in the flames. FIRE at San Augustine, Tex., destroyed two hotels, half a dozen stores and many houses. THE death of Pedro Antonio Lopez, aged 115 years, occurred at his home near Santa Fe, N. M. FIVE negroes, arrested for the murder of Dr. E. H. Riggan, were taken from jail at Mecklenburg, Va., and lynched. CLAUDE MCCARTY and John Mahar, aged 12 and 13 years, were drowned while skating at Muskegon, Mich. THE doors of the Maverick Bank of San Antonio, Tex., were closed after a run lasting three weeks. The liabilities were said to be $844,161 and the assets $1,789,915. IN Ottawa, Kan., Mr. and Mrs. J. W. Strong had on Christmas bidden guests to celebrate the fifty-first anniversary of their marriage, but in the morning Mr. Strong expired suddenly, and a few hours later his wife passed away in a similar manner. FLAMES destroyed the Edisto phosphate and fertilizing works at Charleston, S. C. Loss, $200,000. IN the streets of Chicago Dr. H. A. Kelso, of Paxton, III., was robbed of $5,000 in money and a watch worth $200. W. J. KITTRELL, chief of police at Gainesville, Ga., was shot dead by John Pruitt, a negro desperado, and Pruitt was killed by another officer. THE death of Mrs. Sidney Ann Wilhite (colored) occurred at Sedalia, Mo., at the age of 106 years. She weighed 250 pounds and had been totally blind for several years. JOHN OLIVER and Ed Gallagher engaged in a dispute over a girl at Center Furnace, O., and both were killed. THE death of M. A. Dauphin, president of the Louisiana State Lottery Company, occurred at his house in New Orleans of pneumonia, aged 53 years. CARL REHER, a farmer at Carlisle, Minn., in a fit of anger killed his wife and son and fatally wounded his daughter and then took his own life. FIRE destroyed the freight depot of the Little Miami railroad at Cincinnati, causing a loss of $150,000. A BOILER explosion wrecked seven dwelling houses at Cincinnati, killing a child and a woman and severely injuring five other persons. FLAMES ruined the Bijou Theater in Minneapolis, Minn. THE six-day go-as-you-please contest in St. Louis was won by Herty, who made 518 miles and received about $1,000. HUNTER & WEST, bankers at Greeley, Col., failed for $100,000, and the City National Bank at Hastings, Neb., closed its doors. THE oldest man in Ohio, William Roach, died in Cleveland at the age of 104 years and 10 months. AT Columbia, Tenn., a fire destroyed twenty buildings. ON the 27th Big Foot and his band of hostiles were captured by the Seventh Cavalry under Captain Whitesides. The


Article from The Sedalia Weekly Bazoo, January 6, 1891

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Hastings, Neb., Dec. 28.-At a meeting of the stockholders of the City National Bauk held to day, it was resolved to close its doors. The Comptroller of Currency at Washington has been telegraped to send a receiver. Balances owing to eastern correspondents and the presentation of time deposit certificates have reduced the funds below the legal limit and forced it to the wall. The bank holds a large amount of overdue paper upon which it has been unable to realize. Just how the liabilities and assets stand cannot be learned, but it is admitted that the bank's affairs are in extremely bad shape.


Article from The Sun, January 8, 1891

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The City National Bank of Mastings, Neb., has been forced to the wall. and the authorities at Washington have been netified to send on & receiver. No statement of assets and liabilities has been made.