3271. Officer & Pusey bank (Council Bluffs, IA)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
September 17, 1900
Location
Council Bluffs, Iowa (41.262, -95.861)

Metadata

Model
gpt-5-mini
Short Digest
773c7f7c

Response Measures

None

Description

The Officer & Pusey bank failed after the death of Thomas Officer and was placed in receivership on September 17, 1900. Newspaper articles describe it as defunct, receivers appointed, and multiple dividends paid by receivers over subsequent years. There is no description of a depositor run prior to suspension in the provided articles; the sequence is a suspension/receivership (permanent closure) with ongoing liquidation and dividend payments.

Events (9)
1. September 17, 1900 Receivership
Newspaper Excerpt
John Beresheim and L. F. Murphy, receivers of the Officer & Pusey bank, who were appointed September 17, 1900, filed ... their fifth annual report.
Source
newspapers
2. September 17, 1900 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Failure precipitated by the death of Thomas Officer, senior member, which led to the crash and insolvency of the banking firm; placed in receivership thereafter.
Newspaper Excerpt
receivers of the Officer & Pusey bank, who were appointed September 17, 1900
Source
newspapers
3. January 27, 1901 Other
Newspaper Excerpt
In approving the report of Receivers Beresheim and Murphy of the Officer & Pusey bank, filed January 3, Judge Thornell yesterday made several orders ... The report of the receivers showed that claims amounting to $23,768.05 had been filed at that date.
Source
newspapers
4. February 20, 1901 Other
Newspaper Excerpt
The rush of paying out the dividend ordered by the court of the defunct Officer & Pusey bank is practically over ... Of the $150,000 to be paid out about $120,000 has been paid.
Source
newspapers
5. December 9, 1901 Other
Newspaper Excerpt
On recommendation of the receivers a dividend of 20 per cent. has been declared in favor of the depositors in the defunct Officer & Pusey bank ... makes 45 per cent. paid up to this time.
Source
newspapers
6. April 27, 1902 Other
Newspaper Excerpt
This ... makes enough for another dividend to creditors of twenty per cent ... the receivers of the defunct Officer & Pusey bank.
Source
newspapers
7. July 28, 1902 Other
Newspaper Excerpt
Receiver Murphy of the Officer & Pusey bank says that it will be a month or more before any further dividend is paid the creditors of the defunct bank.
Source
newspapers
8. January 12, 1906 Other
Newspaper Excerpt
John Beresheim and L. F. Murphy, receivers of the Officer & Pusey bank, who were appointed September 17, 1900, filed ... their fifth annual report.
Source
newspapers
9. January 12, 1907 Other
Newspaper Excerpt
Judge Green yesterday disposed of the matter of the compensation of John Beresheim and L. F. Murphy, receivers of the Officer & Pusey bank, which has been hanging fire since January, 1906.
Source
newspapers

Newspaper Articles (10)
1. January 27, 1901 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 27, 1901

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APPROVE RECEIVERS' REPORT Judge Thornell Makes Orders of Importance to Bank Creditore. COURT ALONE TO RECEIVE FUTURE CLAIMS Tomorrow Decisions Are to Be Handed Down in Forty Cases of Preferred Claims-Order Issued Regarding Deposits. In approving the report of Receivers Beresheim and Murphy of the Officer & Pusey bank, filed January 3, Judge Thornell yesterday made several orders which are of considerable importance to the creditors of the firm. He decreed that in those cases where persons were indebted to the bank and which indebtedness fell due prior to the appointment of the receivers on September 17 last, any money which said persons had standing to their credit could be offset against their indebtedness, providing that those who held time certificates of deposit would waive all claim for interest from date of appointment of receivers. The same order practically was made to apply to persons having money to their credit in the bank and who also were indebted to the bank. such indebtedness having become due since the appointment of the receivers. In the cases of persons having money to their credit in the bank and whose indebtedness has not yet become due Judge Thornell ordered that an offset could be made of the money on deposit, provided that these persons would pay at the same time the whole balance that would be due on their indebtedness after allowing the offset. Judge Thornell also made an order to the effect that hereafter the receivers are not to approve any claims that may be presented to them, the court reserving to itself the question as to whether such claims shall be allowed to be approved and filed. The report of the receivers showed that claims amounting to $23,768.05 had been filed at that date. The receivers are ordered to hold on deposit in the Council Bluffs Savings bank to their credit as receivers the balance of money shown by the report to be in their hands and to deposit in this bank all moneys since received and that may hereafter be received by them, subject to future orders of the court in respect to its payment and distribution. Monday Judge Thornell will hand down his decisions in the forty cases of preferred claims heard by him. Yesterday afternoon the preferred claims of J. J. Stewart, executor of the Cochran estate, and J. T. Oliver and S. G. Underwood, executors of the Eicher estate. were argued before him.

2. February 20, 1901 Evening Times-Republican Marshalltown, IA
Article from Evening Times-Republican, February 20, 1901

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ferrets will be done here at home is an erroneous one. But according to the statements made before the board of supervisors, the records at the court house will be run thru very thoroughly. The ferrets will list, it is understood, not only the mortgages recorded there that are owned here, but all that are on record here and that are owned in other counties of this state. Albia. A prospector who was drilling for coal on the John W. Colling farm. two miles south of Albia, found coal at a depth of 315 feet. It is stated that the drill passed thru ninety feet of rock, and the vein of coal ist only three feet thick. ** The Union says: "This town is headed on the road to hell if names are any indication. Gabriel is blowing his trumpet from behind bars in the county jall, where he is confined for beating his wife. Our Luther is starting reforming by being made defendant in an action for divorce. and our good or bad Shepherd has filled up again on booze. Our 'saints' have all become sinners." Council Bluffs. The rush of paying out the dividend ordered by the court of the defunct Officer & Pusey bank is practically over, nearly all these in the city who were entitled to the dividend having been paid. There are yet some outside of the city who have not received their money, but is being sent to them a. fast as they ask for it. Of the $150,000 to be paid out about $120,000 has been paid. The work has been hard on the receivers and Brooks Reed has been employed for the past week assisting Mr. Murphy. who is attending to the accounts as fast as they come in. As fast as possible the real estate owned by the bank will be sold and the money distributed whenever enough is secured to warrant the court in declaring a dividend.

3. March 16, 1901 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, March 16, 1901

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COUNCIL BLUFFS. MINOR MENTION. LAWSUITS THICK FOR SPR Davis sells glass. Davis sells drugs. Stockert sells carpets and rugs. Gas fixtures and globes at Bixby's. Last Day for Filing Finds Large Acout Fine A B C beer, Neumayer's hotel. tion of Cases. Wollman, scientific optician, 409 B way. W. J. Hostetter, dentist, Baldwin block. Leffert, jeweler, optician, 236 Broadway. MANY OF THEM ARE FOR DAM J. A. Snow auctioneer, B'way, opp. P. O Something new for Kodakers at C. E. Alexander & Co.'s. 333 Broadway. Saloon Keepers Are Invited to D W. F. Graff, undertaker and disinfector, Several Cinims-Four Wome 101 South Main street. 'Phone 506. Get your work done at the popular Eagle Weary of Married laundry, 724 Broadway. 'Phone 157. Life. Mrs. J. Lynch has been called to Wiota, Ia., by the serious illness of her father. Morgan & Klein, upholstering, furniture repairing, mattress making. 122 S. Main st. It being the last day for filing sui A want ad in The Bee will bring results. the March term yesterday was a bus The same attention given to a want ad In in the office of the clerk of the di Council Bluffs as at the Omaha office. court and a large number of petitions A marriage license was issued yesterday to Hans Nelson of Neola, Ta., aged 21, and entered on the docket. Anna Nelson, aged 19, of Underwood, Ia. County Attorney Killpack, on beh Mr. and Mrs. F. L. Kern and daughter Pottawattamie county, filed suits a Olive of Denver are guests of R. H. WilGeorge Cooper, Lew Winkler and ......................... liams and family of South Seventh street. Blomberg, saloon keepers in East o Revival services conducted by Mrs. Hattie Livingston at the Epworth Methodist to enjoin them from selling intoxi church are held every day at 2:30 and 7:30 liquors, as they have failed to pa D. m. mulet tax. Cooper and Blomberg The discharge in the bankruptcy case of been bound over to the grand jury o William Benning has been set aside and vacated to wait the further order of the charge of maintaining nuisance in court. nection with their failure to pay the A building permit was issued yesterday Inez Brundage, administratrix of th to Virginia Jefferies for the erection of a tate of Osie Brundage, brought suit a one and one-half-story frame cottage on North Eighth street to cost $1,000. the Omaha, Council Bluffs & Sub Francis, infant son of Mr. and Mrs. J. A. Railway company and the Omaha & Bunch, 331 Broadway, died yesterday morncil Bluffs Railway and Bridge compa ing, aged 5 months. The body was taken to recover $15,000 for the death of her Peoria, III., last evening for burial. band. Brundage was killed Novemb Charles Maxwell and George Raph were arrested yesterday morning by Special Oflast while coupling a trolley wire on ficer Vizzard of the Union Pacific on charge Main street. The coupling snapped of stealing coal from cars at the transfer Brundage was thrown from the pla depot, of the tower on which he was standi The case against Stephen Dunn, charged by W. W. Langdon with raising an order the ground. His head struck the for $1 to $1.50, was dismissed in Justice and he died within a few hours of th Bryant's court yesterday on motion of the cident. assistant county attorney. Mrs. Louise Meyer commenced The remains of Abram Dayton will be taken this morning to Nevada, Ia., for against the National Mutual Life as burial. They will be accompanied by his tion, which bought out the Nationa son, who arrived yesterday from Laramie, nevolent association of Minnesota, t Wyo. The services will be in charge of the Odd Fellows. cover $1,991.25 on a policy of life insu George W. Johnson died yesterday at St. held by Fritz Meyer, deceased. Bernard's hospital from old age. The fuFrank Higgins, by his next frien neral will be Monday from Graff's underfather, Frank Higgins, sr., wants taking rooms, the hour to be announced later. Deceased had been a photographer from the Chicago, Milwaukee & St. a number of years at 143 West Broadway. Railroad company. Young Higgins, Hi Henry's minstrels are coming back in was 17 years of age at the time, los answer to a request from the people of right leg while switching cars at Council Bluffs. They are due here Sunday, the day the Irish pansies will decobridge, Ia, on October 1, 1899. He rate the lapel of many people in this counemployed by the defendant company try and Ireland as well. Those who were switchman. at the Dohany last Sunday night speak highly of the entertäinment. E. E. Adams filed his petition in = S. Madson, one of the saloon keepers against H. Goldstein and Chief of made defendant in a $5,000 damage suit in Albro for $10,000 damages by reason the district court brought by John Gehrarrest in connection with the sale < man, says he was not in the saloon busishoe stock to Goldstein in November, ness at the time specified in the suit and that the Senate saloon on the date menHe alleges that his arrest caused h tioned was conducted by a man named lose his position in society and to 1 Hansen. He relies for proof on the records the confidence of the men with who in the office of the city clerk and the chief of police. had formerly done business. The si J. J. Stewart appeared as plaintiff in a an outgrowth of the recent action br friendly suit commenced yesterday against by Goldstein against Former Sheriff Receivers Beresheim and Murphy of the Ofgan. ficer & Pusey bank. In 1891 Mr. and Mrs. E. W. Cappell deposited with Officer & Sues City and Company. Pusey as security on two notes which now R. G. Fleming stepped into a culve with interest amount to about $800. a diamond ring and a box of jewelry. The acBroadway and Elliot street last . tion is to compel the receivers to foreclose and received certain injuries and he 1 on the security. suit against the city and the electric

4. December 9, 1901 Rock Island Argus Rock Island, IL
Article from Rock Island Argus, December 9, 1901

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Dividend for Iowa Bank Creditors. Council Bluffs, Ia., Dec. 9.-On reccommendation of the receivers a dividend of 20 per cent. has been declared in favor of the depositors in the defunet Officer & Pusey bank. It amounts to $114,340. and makes 45 per cent. paid up to this time. According to the report of the receivers but a small amount of the assets remain.

5. December 12, 1901 The Leon Reporter Leon, IA
Article from The Leon Reporter, December 12, 1901

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Officer & Pusey Dividend. Council Bluffs, Dec. 9.-On recommendation of the receivers a dividend of 20 per cent has been declared in favor of depositors in the defunct Officer & Pusey bank. It amounts to $114,340 and makes 45 per cent paid up to this time. According to the report of the receivers, but a small amount of assets remain.

6. April 27, 1902 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, April 27, 1902

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# APPRAISE OFFICER REALTY Valuation of $19,297 Placed Upon the Portion Remaining Unsold. # FARM IN HARDIN TOWNSHIP IS SOLD This, with Money on Hand, Makes Enough for Another Dividend to Creditors of Twenty Per Cent. The real estate holdings of the Thomas Officer estate, to which the creditors of the defunct Officer & Pusey bank look for payment of their claims in part, is worth $19,297.50, according to the report of the appraisers filed yesterday. The appraisers, who were appointed at the request of Administrator Stewart, are: J. R. McPherson, S. G. Underwood and H. Ouren. The real estate belonging to Thomas Officer remaining unsold consists of lots in the city of Council Bluffs, including the homestead on Willow avenue, valued by the appraisers at $8,250, one lot in Bayliss' second addition is appraised at $3.000, another in the same addition at $1,800, and one in Hall's addition at $1,600, while the rest average about $100 each. Since Attorney Stewart was appointed administrator in place of Charles T. Officer, he has completed the sale of what was known as the Hardin township farm belonging to the estate, for $17,442. Of this amount Officer had received $2,000, and had included it in his final report. Officer turned over to Administrator Stewart $14,749.84, which, with the proceeds of the Hardin township farm, makes a little over $30,000 in Mr. Stewart's hands. The receivers of the bank have about $25,000 in their hands and to this will be added the amount owing by Miss Julia Officer, which is between $4,000 and $5,000. This added to the funds in possession of Mr. Stewart will enable the payment of another dividend in the near future of about 20 per cent, thus making 65 per cent that the creditors will have received on their claims against the bank. The remaining assets outside of the mines in Colorado of the Thomas Officer estate will not exceed $3,000. The value of the mines in Colorado is problematic, but in order to acquaint himself with the property there, Administrator Stewart will leave next week for Colorado, in order that he may be able to make a report to the creditors.

7. June 22, 1902 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, June 22, 1902

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COUNCIL BLUFFS. MINOR MENTION. CHILLY TIME FOR P Davis sells drugs Stockert sells carpets and rugs. Leffert, eyesight specialist, 238 Broadway. Royal Arcanum Members Manage to Two Jersey cows for sale at a bargain. Themselves in Spite of Weath H. Clark, 119 Iowa avenue. Pictures for wedding presents. C. E. Alexander & Co., 333 Broadway. OMAHA NINE WINNER IN THE BALL Take home a brick of Metzger's ice cream. Vanilla, 25c; Neopolitan. 35c. Prepare for civil service examination at Western Iowa college summer school, June Program of Sports Carried e 30 to August 15. Planned with Exception of Aq Henry Coffeen is home for a short visit with his family from Sedalia, Mo., where Events, but It Was Too he is engaged in business. Chilly for Swimmers. Remember an ironclad ten-year guarantee goes with every New Home machine purchased from us. Easy payments. G. A. Bullis & Co. Unfavorable weather was respons The funeral services of Mrs. Stephen a smaller attendance than had be Sullivan will be held this morning in St. ticipated at the annual outing Philomena's cathedral, Omaha. The cortege will leave the family residence, 2907 Omaha, South Omaha and Council Avenue B, at 8 o'clock for Omaha. Royal Arcanum lodges yesterday a Will Eggleston and Alma Larsen, both of Manawa. Those who participated, h South Omaha, were married in this city succeeded in having a good time, a yesterday afternoon, Rev. G. E. Wall performing the ceremony at St. Paul's church the coolness of the atmosphere w rectory. sun went down compelled many to James R. Rice, a nurseryman of this home early. city, has filed a petition in bankruptcy, His liabilities aggregate $15,900.28, while his The program of sports, with the assets are scheduled at $4,628 and claimed tion of the swimming and rowing as exempt. was carried out and created much Mrs. Mary Peterson, wife of John Peterment. The ball game between Oma son, Twenty-first avenue and Twelfth street, died yesterday morning, aged 36 Council Bluffs ended with a score years. She is survived by her husband 8 in favor of the Omahans, althou and four children. Bluffites claimed the game was I Arthur E. Frost and Grace C. Wood, both ished, as they had one man still to of Denver, were married in this city yesterday afternoon, Rev. John Y. Altchison The races resulted as follows: performing the ceremony in the office of One hundred-yard race for memb the clerk of the district court. A. Ellis won, J. I. Abbott second. Mrs. M. Oltman of Underwood, against Egg and spoon race for women whom an information charging her with Casady won, Mrs. Lundergren seco being mentally deranged had been filed, Fat men's race: S. L. Kelly won. was discharged on a hearing had yesterday Potato race for women: Miss Edi afternoon before the commissioners for the won, Mrs. Judson second. insane. Lean men's race: C. E. Sprath S. P. McCormick, in his suit against the Lee Evans second. Citizens' Gas and Electric Light company Sack race: C. E. Spratlin won, to recover $10,000 for the death of his son, Robinson second. F. W. McCormick, filed an amended petition, making C. A. Hathaway, foreman of PRISONERS UP FOR SENT the company, defendant. You are requested to get in your laundry work early, during this week, so as to be William Thompson, with a in plenty of time for the Fourth of July, Year Term, is High Man Out-of-town trade is especially requested to bear this in mind. Bluff City Laundry, in the Bunch. 22 and 24 North Main street. J. J. Stewart, J. P. Greenshields and W. H. Binder were yesterday appointed by Of the five men sentenced y Judge Wheeler to appraise a half interest morning by Judge Wheeler in the in twenty-seven lots in Riddle's subdivision, deeded by N. M. Pusey to the recourt to the penitentiary at Fort celvers of the Officer & Pusey bank. William Mason, alias William Th The police raided a disorderly house near received the longest term, gettin the corner of Washington avenue and Frank street late Friday night and aryears. He had entered a plea o rested three women and several young to breaking into and robbing Thon men. In police court yesterday the men loney's cigar factory. Mason was or were discharged, but the women had the usual fine assessed against them. seven prisoners who escaped fro The preliminary hearing of Guy E. county jail, but was recaptured a f Moyes, charged with bigamy, was conlater in Harrison county. His ac tinued in Justice Carson's court yesterday for one week. The case against Grace in the burglary, E. G. Jones, who Waltermire, with whom Moyes went : caped from the county jail, is still through the marriage ceremony, was conMason and Jones were caught W tinued until next Wednesday. Moyes is still in the county jail, but the young plunder in their possession. woman is out on her own recognizance. John Plumb, one of the three men A respectable appearing German purfor robbing Fred Goth in the Mi chased $20 worth of furniture Friday afternoon from the firm of Keller & Farnsyards and who had entered a plea o worth, tendering a check for $30 in paywas sentenced to three years. Plun ment and receiving $10 in change. When partners were among the prisoners the firm attempted to deliver the goods it caped from the county jail and 8 found only a vacant lot at the number given. The check was drawn on the Union at large. Plumb did not take ad Avenue Bank of Commerce, Kansas City, of the opportunity to escape with b in favor of August Borchet and purported ners. to be signed by W. H. S. Schly. A telegram to Kansas City elicited the informaHarry Caley, the young man who tion that the check was a forgery. guilty to entering Captain Webb's The old saying goes, "There is an end to store on West Broadway and ste everything, but those who have seen our big supply of wallpaper think that in this number of valuable eyeglasses, W there is an exception to the old saw quoted. two years. We do not desire to stand in the position of being braggadocias, and there are others H. S. Fishburn, who stole a bic who have fine and extensive lines of walladmitted his guilt, got off with a paper, but we do want to be understood as two months' sentence. Fishburn saying that there is no other house that excels us, either as to the latest patterns of the seven to get away from the and modern prices. In fact, we believe jail, but was recaptured early t you will concede that we are a great ways morning while waiting to jump a in the lead of all our competitors when you see our stock and get our low prices. at the Rock Island yards. We are willing to leave this to you. All Within half an hour after the I we ask is that you come in and let us received their sentences they were show you what we can do for you before you make your purchase. Council Bluffs way to the penitentiary, in charge o Paint, Oil and Glass company, Masonic Cousins and Deputy Canning. temple.

8. July 28, 1902 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, July 28, 1902

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MINOR MENTION. Davis sells drugs. Stockert sells carpets and rugs. Leffert, eyesight specialist, 238 Broadway. Dr. Stockdale. First Nat. Bank building. Miss Chloe Bridenstein is visiting friends in St. Joseph. Miss Nellie Teague has gone to visit friends in Sioux Falls, S. D. Newton M. Little has gone to Mackinac island to spend his vacation. Special offerings in framed pictures. C. E. Alexander & Co., 333 Broadway. Miss Marian Beach of Hamburg, Ia., is guest of Miss Beach of Avenue E. Mr. and Mrs. W. A. Mauer will leave today for an outing at Spirit Lake. Alderman E. H. Lougee left last evening on a business trip to Salisbury, Mo. Take home a brick of Metzger's ice cream. Vanilla, 25c; Neopolitan. 35c. Dr. Lee E. Plumer of Turlington, Neb., is visiting his sister, Mrs. G. M. Richmond. The residence of H. S. Jones, 216 Frank street, has been quarantined for scarlet fever. W. H. Brown of Third avenue has been called to Villisca, Ia., by the serious illness of his mother. Mrs. Poultney and d.eughter of Chicago are visiting Mr. and Mrs. Lyman Shugart of Fifth avenue. Miss Ada Stephenson, who has been visiting relatives in this city, returned to Chicago last evening. Mrs. E. T. Johnson of Wichita, Kan., is guest of the family of W. A. Steinkopf, 1017 High street. John L. Merkel is visiting his parents, Mr. and Mrs. L. Merkel of Washington avenue, for a few days. The infant child of Mr. and Mrs. Frank Keller of Fairmount avenue is seriously III and its recovery is doubtful. The city council will meet in adjourned session tonight, when a number of important matters are slated for action. Roy Fadden, a 17-year-old lad who had run away from his home in Dunlap, Ia., was picked up by the police last night. Council Bluffs aerie, Fraternal Order of Eagles, has adopted resolutions expressing its sympathy and sorrow over the death of Captain Dixon Denny. James Bates of the Grand hotel will leave today for his home in Kansas City, having secured a position at the Baltimore hotel there. He will be accompanied by Mrs. Bates. George B. Albert of Marshalltown, Ia., state deputy supreme chancellor of the Court of Honor, will be in Council Bluffs Monday, August 4, to organize a local court of the order. Walter, the 7-months-old son of Mr. and Mrs. George Grable, living near Weston, died yesterday morning. The funeral will be held this afternoon at 3 o'clock and burial will be in the Weston cemetery. Pansy Bernice, infant daughter of Mr. and Mrs. Clyde C. Copeland, 3731 Avenue A, died Saturday midnight, aged 6 weeks. The funeral will be held this afternoon at 2 o'clock from the residence and burial will be in Fairview cemetery. The Council Bluffs Trades and Labor assembly will celebrate Labor day independently of the Omaha and South Omaha unions. The recently organized band of the Council Bluffs Musical union will make its first public appearance on Labor day. Receiver Murphy of the Officer & Pusey bank says that it will be a month or more before any further dividend is paid the creditors of the defunct bank. There is sufficient money on hand to pay a dividend n of 5 per cent, but before that can be done there are a number of complications that need adjudication by the court, Mr. Murphy says, further, that it will be a considerable time before the receivership can be closed. Mrs. Caroline Smith, aged 73 years, died yesterday afternoon at the home of her daughter, Mrs. I. B. Kissell, 2 Park Entrance, death being due to the infirmities of old age, Five daughters and two sons survive her. Mrs. Smith was born in Columbus, O., and had been a resident of Iowa fifty-two years, twenty seven of Y. which she had lived in Council Bluffs. The funeral will be held Tuesday morning at 10:30 o'clock from the residence and burial will be in Fairview cemetery. Rev. W. J. Calfee, pastor of Broadway Methodist church, will conduct the services. Puck's Domestic soad is best.

9. January 12, 1906 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 12, 1906

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COUNCIL BLUFFS REPORT OF BANK RECEIVERS Net Enough Money on Hand to Pay the Claims of the Receivers SIX THOUSAND DOLLARS COMING IN SOON Remainder of Assets of Little or No Value, Leaving the Creditors of the Bank $263,234.91 to the Bad. John Beresheim and L. F. Murphy, receivers of the Officer & Pusey bank, who were appointed September 17. 1900, filed in he district court yesterday their fifth antial report. This the court ordered done before their application to have their compensation determined would be passed upon. The report gives these figures:

10. January 12, 1907 Omaha Daily Bee Omaha, NE
Article from Omaha Daily Bee, January 12, 1907

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# PAY OF RECEIVERS ALLOWED Judge Green Passes on Controversy Regarding Officer & Fusey Bank. # MURPHY CLAIM CUT THIRTEEN HUNDRED John Bernesheim Allowed Lump Sum of Three Thousand Dollars, Which is Amount of the Bill Rendered. Judge Green yesterday disposed of the matter of the compensation of John Beresheim and L. F. Murphy, receivers of the Officer & Pusey bank, which has been hanging fire since January, 1906. The receivers were appointed September 17, 1900, a few days after the death of Thomas Officer, senior member of the firm, which precipitated the crash of the bank, supposed to be one of the soundest financial institution in the state of Iowa. In his original application for compensation Receiver Murphy asked that he be allowed $2,400 a year for the first four years and $1,600 for 1905, making $11,200 in all, Mr. Beresheim asked to be allowed a lump sum of $3,000, All of the clerical work of the receivership devolved upon Mr. Murphy. The amounts asked for by the receivers were resisted by Attorney J. J. Stewart, representing some of the largest creditors of the defunct bank. The hearing was then postponed at the suggestion of Mr. Stewart and it was not until yesterday that the matter finally came up for disposal. The amount asked by Receiver Beresheim was allowed in full but the court made a reduction in the claim of Receiver Murphy. He allowed him $2,400 a year for the first two years, $1,800 for the next two years, $1,500 for 1905 and $900 for 1906, making a total of $10,800. From this is to be deducted $5,200, which Mr. Murphy has already drawn on account. At the time the bank went into the hands of the receivers its liabilities were scheduled at $624,456, with assets of $566,879. As was expected a considerable portion of the assets proved of little or no value and others uncollectable. Together with the proceeds of the estate of Thomas Officer the creditors of the defunct banking firm have received dividends amounting to 62½ per cent of their claims and Receiver Murphy announced yesterday that it was likely another dividend of 2½ per cent would be paid in the near future, making a total of 65 per cent which the creditors will have realized. The receivers have on hand $11,147.67 and there is $3,000 in Chicago. In addition to this it is understood that Attorney Stewart, administrator of the estate of Thomas Officer, has some funds on hand and from these two sources the last dividend of 2½ per cent will be paid. In the divorce suit of Carrie M. Smith against Fred C. Smith, Judge Green yesterday handed down his decision awarding the decree of divorce to the husband on his cross petition and taxing the costs against the wife. The court also decreed that the title to the property, which is at present in the wife's name, should be in the husband. The trouble between the Smiths culminated in the divorce court after Mrs. Smith had shot her husband in the thigh with a revolver, the wound confining him to the hospital for several weeks. Judge Green overruled the motion of the defense for a new trial in the personal injury damage suit of John Burgar against the Omaha & Council Bluffs Street Railway company, in which the plaintiff secured a verdict for $5,000. A motion on behalf of the defense for a