Upland Banking Company (Upland, NE)

Episode Information

Episode Type
Suspension β†’ Closure
Start Date
May 14, 1932
Location
Upland, Nebraska (40.319, -98.901)
Bank Type
state
Routing Number
76-0519

Metadata

Notes

Bank entered receivership and liquidation with dividend payments; no run reported in articles.

Events (3)

1. May 14, 1932 Other
Newspaper Excerpt
Depositors of the Upland Bank... Upland Banking company, first dividend, 25 percent
Source
newspapers
2. May 23, 1932 Receivership
Newspaper Excerpt
The Peoples Bank... went into receivership May 23 and A. P. Sullivan is agent in charge in the two banks here and the Macon bank also. Mr. Sullivan and his stenographer ... moved to the Peoples Bank Friday evening from the Upland Banking Company.
Source
newspapers
3. January 1, 1933* Other
Newspaper Excerpt
the state banking department recently announced $104,607 was returned to depositors in failed state banks ... $15,248 paid depositors in the Upland Banking Co.
Source
newspapers

Newspaper Articles (10)

Article Text

MERE MENTION

Sweet Peas, bunches 25c. Lincoin Floral Co. 5218 Bedding and vegetable plants: 406 Hill St. Open Pioneer opens, enFree all week, root beers with Water Lilies, many colors at half price. 10c 15c. Yule Floral Co. 147 No. Civic music adults $5, students Call B4362 hotel until 10 m. extinguished small roof fire at an house 500 So. 10th Only slight damage done. Representative M. C. Warrington of Mason City caller Saturday at the capitol. He conferred state officials ing highway construction in his district. Howard Morris, twenty, of Aurat the of has notified his Westpoint academy. His appointment secured thru Congressman John Norton. State Legion Adjutant Henry Dudley by airplane North Platte conduct the final of series and adjutants, the interest of legion membership. An approved contract, signed by the mayor and Rock Island ficials, use of railroad near and E for purhas been the city clerk. The project has been completed. State Treasurer Bass was taken violently ill mained the physician the night. He reported Saturday but has advised to remain bed for heart attack brought on indigestion was given as cause. Motions for rehearing were denied Saturday First National bank Omaha Flannigan, Boyd county; Smith vs. Lancaster, and Palmer, DougAn argument Patrick, Douglas, involving court procedure.

Depositors of the Upland BankUpland, the Syracuse, Syracuse, first from liquidation banks' assets, today. The dividends, percent and amount, were follows: Upland Banking company, first dividend, 25 percent, Bank Syracuse, first dividend, 35 percent, $34,594.91. Henry Baker, twenty-eight, 510 14th, who suffered severe in. jury to his left ankle and leg Tuesday morning when the member became caught between two large water pipes while he was working on the Lincoln project Ashland, taken to Elizabeth Saturday. He under the care of Dr. Olson. Extradition warrant was issued Governor for return the state of Iowa of Earl Chess alleged the crime child May He cused of failure for children, William and Virginia Irene Chess, both under sixand Chess believed to be Omaha. Knee is named agent for Iowa. Records at the liAlbers' office that 184 autos fewer than the registered to May had been registered year the same date. Last year had been taken out for 28,581 May this year 28,397. total for last year was 32,048. The heaviest month this year February when 15,891 were registered.

The railway commission will hold hearing of Beynon, wants his under the heading "attorney" in the classified Lincoln company's directory. The the omission an unintentional error, and that has sought rectify the only ways without the directory, having advertised it in the daily newspapers and sent each slip that be placed the proper and designated place. Municipal Judge Polk meted out justice police Saturday morning over top appearing table. more appearing bench, which fixture in police court for of years, will blend fittingly with the and paneling being the room new building.

Hearing will begin in the federal morning before an for the interstate brought by all of the railroads state adopt the findings, as they apply rates, of the fedcommission the 15 percent rate mission follow this entirely its order, and will represented counsel to defend its action.

Motion rehear Bert Poska's against the State Automobile argued Saturday before Judge Munger denied. suit to reform Mr. Poska's policy to make cover the death occurring the latter Poska's decided against the plainwhen Judge any proof that the policy had misrepresented Mr. Poska by Paul Pyche, who sold it to him

The new golf course pipe line in Pioneers has tested and, according Park Bair, resembling Backfilling connection with the water system complete and surplus earth carted leaving the ground surface level. crew will begin pouring concrete house Monday. park power plant pump will arrive next and when stalled, work of sodding the west nine golf greens undertaken.

E. Breckenridge whose applifor and Stanton was denied by the board appeals, filed similar the corner at Seventieth and Platte, his proposal calling for tourist camp. Platte the first street north Havelock aveand the site east the Havelock shop grounds. Applicant meets an raised the board the Seventieth and Stanton location was near the center long highway strip poor place reclassifying. The favoring start one the other, usage is to changed. total appeals have filed with supreme court by the state banking department from district court orders lowing attorney the yers Clarence Bliss, after the governor had sought remove receiver for number state banks, the latest group these appeals was consolidated for at meeting in July The of most of these may upon what the with filed by the attorneys to one these appeals the that they frivolous and taken to har ass and faithful service. The point is also raised that the governor had power to Bliss receiver, and the recently Minatare bank case cited show that only the court can name or discharge Twelve more appeals are to be filed.


Article Text

State Capitol

Continued from Page 6

of the owned non-farm homes are valued between $3,000 to $5,000 and the largest percentage of rented non-farm homes bring a rental of $15 to $30 a month, only 8 per cent bringing a rental of more than $50.00.

About one-sixth of the cases before the Nebraska Supreme Court involve the state of Nebraska in some way or another. Many of these are actions brought by the state. At the present time there are among other suits, the disbarment proceedings against seven attorneys, suit of the state against the gravel companies, alleging an illegal combine and the banking law cases.

The state of Nebraska has accepted $50,000 worth of bonds from the Bridgeport irrigation district which will relieve the water users of that district. Through a disagreement the federal government obtained a judgment of $110,000 to $125,000 on the property with a first mortgage, the state already held $75,000 in bonds with a second lien. The federal government finally agreed to settle for $50,000 and the state now holds bonds amounting to $125,000 with a first mortgage.

Members of the state railway commission appeared before an examiner for the interstate commerce commission to explain why the state commission granted railroads the right to decrease rates on sand and gravel in the state at the same time the roads were asking and receiving a 15 per cent increase on all freight rates. Because of the quantity of sand and gravel available in the state and the conditions existing here the railroads asked for the decrease and the commission granted it. The case will be heard further May 24 in Washington.

The Abel Construction Company has been awarded the contract for graveling the state highway between Shelton and Buda. Their bid was 8 cents per cubic yard under the nearest bidder. They took the bid at 64 cents a cubic yard.

Depositors in the failed Bank of Syracuse received a 35 per cent dividend and the depositors of the Upland Banking Company received 25 per cent.

The supreme court listened to arguments for Clarence G. Bliss on his motion to dismiss the appeal of the state banking department from the award by district judges of fees for representing Bliss in the proceedings wherein he was displaced as state bank receiver. The attorneys contend that since the bank receiver was appointed by the district judge that the governor has no right to dismiss him and that they should be reimbursed for the fees in the case.

Dentists of the state were in session in Lincoln last week.

In order to assure publication of the congressional record, congress has appropriated a half million dollars for the purpose. When it was found that funds were almost exhausted for this purpose an emergency bill was passed.

Not satisfied with the ruling of the Nebraska railway commission, the Omaha taxicab company that has been proposing a cheap rate in the city, has announced that it will appeal to the supreme court. Their system was objected to as unfair competition by other taxicab companies and by the street railway company.


Article Text

case heard further May

The Abel Construction company has been awarded the for graveling the state highway Shelton and Buda. Their bid was per cubic yard under the bidder. They took the bid 64c bic yard. Depositors in the failed Bank of Syracuse received 35 percent dividend and the depositors of the Upland Banking Company received percent. The supreme court listened guments for Clarence G. Bliss on his motion to dismiss the appeal of the state from the award by district judges of fees for Bliss in the proceedings wherein he was displaced as state bank receiver. The attorneys contend that the bank receiver was appointed by the district judge that the governor has no right dismiss him and that they should be reimbursed for the fees in the case. Dentists of the state have been session in Lincoln this week. In order to assure publication of the congressional record, congress has appropriated half millian dollars for the purpose. When was found that funds were almost exhausted for this purpose an gency bill was passed. Not satisfied with the ruling the Nebraska railway commission the Omaha taxicab company has been proposing cheap line the city has announced that will appeal to the supreme court. Their system objected unfair by other taxicab companies and by the street railway company. Chief Justice Charles A. Goss will speak at Wahoo the evening of June before the open meeting of the Men's Brotherhood. Potato acreage shows marked duction this year with prospect of increased prices. Since Nebraska considered one of the potato states looks rather good to the growers of the state. have increased their acreage by about percent, which in view of the crease in other states makes more promising outlook here than in other A group of Lincoln business men university leaders are working together plan to be presented the Reconstruction Finance Corporation through which the farmers of the state may secure aid. date the farmers Nebraska have received no direct benefit from the Permission has been granted the state banking by District Judge Charles H. Stewart, borrow $50,000 from the Reconstruction Finance Corporation for the pose liquidating the failed state bank at Center, money to be repaid when the assets of the bank are liquidated. This system will low the commission more time for liquidation and felt that will make large sacrifices unnecessary. The chief to the action was the fact that depositors have first lien on assets. There are twelve candidates for state legislature who have nothing to worry about in the fall election. districts failed to name democratic candidate for the house of presentatives and five failed to name candidate while two senatorial districts failed to name republican nominees. now too late to fill the vacancies. The law provides that when vacancy through resignation after the nomination made that the party committee may fill the vacancy until 30 days before election but when no nomination made there is no provision for filling the place.


Article Text

FROM STATE CAPITOL

Members the state railway comappeared before an examiner for the interstate commerce commisexplain the state commission granted railroads the right to decrease rates on sand and gravel in the state at the same time the roads asking sand receiving 15 percent blanket increase all rates. Because of the quantity of sand and gravel available in the state and the conditions existing here the railroads asked the decrease and the commission granted The case be heard further in Washington.

The court listened to arsupreme guments for Clarence Bliss on his motion to diamiss the appeal of the state banking department from the award by district judges fees for representing Bliss in the proceedings wherein he was displaced state tend that since the bank receiver was appointed by the district judge that bank receiver. The attorneys conthe governor has no right to dismiss him and that they should be reimbursed for the fees in the case. Dentists of the state have been in in Lincoln this week. order to assure publication of the congressional record, congress has appropriated half million dollare for the purpose. When was found that funds were almost exhausted for this purpose an bill passed. Not satisfied with the ruling of the Nebraska railway commission, the Omaha taxicab company that has been proposing cheap line in the city has announced that will appeal to the supreme court. Their system was objected to unfair competition by other taxicab companies and by the street railway company. Chief Justice Charles Goss will speak Wahoo the evening of June before the open meeting of the Mens Brotherhood. the failed Bank of Depositors Syracuse received 35 percent divident and the depositors of the Upland Banking Company received 25 percent. Potato acreage shows marked reduction with prospect of year increased prices. Since Nebraska considered one potato states rather good to the growers of Nebraska growers have increased their acreage by about 25 percent, which view the deother states makes more crease promising outlook here than other states. of Lincoln business men group and university leaders working to presented to together the Recostruction Finance Corporawhich the farmers of the tion through aid. To date the may secure farmers of Nebraska have received direct benefit from the has been granted the Permission by District state banking department Charles to borrow Judge $50,000 from the Reconstruction nance Corporation for the purpose of failed state bank at liquidating the to be repaid when Center, the money the bank are liquidated. the assets will allow the system for liquidation and sion more time will make large sacrithat The chief objecfices the action was the fact that tion to first lien on assets. candidates for There are twelve state legislature nothing to election. Five about in the fall worry failed to name democratic districts candidate for the house of represenand five failed to name tatives candidate while two publican districts failed republican too late to fill nominees. now the vacancies. The law provides that occurs through when vacancy after the nomination signation made that the party committee may until 30 days before fill the vacancy but when no nomination e'ection made there provision for fillthe place.


Article Text

BANK TO RECEIVER

UPLAND, June 2β€”The Peoples Bank, which has been closed since last October, went into receivership May 23 and A. P. Sullivan is agent in charge in the two banks here and the Macon bank also. William Osterlund is an assistant in the Macon bank. They expect to be ready to begin filing claims some time next week. Mr. Sullivan and his stenographer, Miss Irene Damel, moved to the Peoples Bank Friday evening from the Upland Banking Company.


Article Text

Items of Interest

Benjamin McKeen, editor of the Coleridge, Neb., Blade, died in hospital Sioux City, recently. Before going to Coleridge years ago, he published papers Winside and Madison, Neb.

Bass' statement treasurer showed that current revenue funds total against $2,832.month ago. The general fund included this total mounted from $739,462 during the Month to $1,001,969. Large declines occurred in road funds and university cash funds.

The state banking department cently announced $104,607 was turned depositors in failed state banks liquidation efforts of its rece'vership division. The money went depositors in banks and varied from $1,418 depositors the Farmers State bank of Eagle $15,248 paid depositors the Upland Banking Co.


Article Text

Items of

Benjamin McKeen, editor of the Coleridge, Neb., Blade, died hospital Sioux City, recently. Before going to Coleridge ago, he published papers Winside and ison, Neb.

Bass' last statement state treasurer showed that current revenue funds total against $2,832,123 month ago. The general fund included in this total mounted from during the month to $1,001,969. Large declines occurred in road funds and university cash funds.

The state banking department cently announced $104,607 was returned to depositors in failed state banks month by liquidation efforts of its receivership division. The money went depositors in banks and varied from $1,418 to depositors of the Farmers State bank of Eagle $15,248 paid depositors in the Upland Banking Co.

Nine hundred years the Indians probably raising corn and tobacco along the Platte valley as far west Scottsbluff and living as sedentary life modern farmer, Dr. Earl H. Bell, assistant professor of anthropology the state university at Lincoln asserts. The Indians Dr. Bell says, highly cultured people. About the time of the advent of the white man and his horse, the Indian gave farming and became hunter, his culture then showing decline.


Article Text

The state banking department recently announced $104,607 was returned to depositors in failed state banks last month by liquidation efforts of its receivership division. The money went to depositors in 14 banks and varied from $1,418 to depositors of the Farmers State bank of Eagle to $15,248 paid depositors in the Up land Banking Co.


Article Text

State News Items of Interest

Benjamin McKeen, 64, editor of the Coleridge, Neb., Blade, died in hospital at Sioux City, recently. Before going Coleridge years ago, he published papers at Winside and Madison, Neb.

Bass' last statement as state treasurer showed that current revenue funds total $2,501,001 against $2,832,123 month ago. The general fund included in this total from $739,462 during the month to $1,001,969 Large declines in road funds and university cash funds.

The state banking department cently announced $104,607 was turned depositors in failed state banks last month by liquidation efforts of its receivership division. The money went to depositors in banks and varied from $1,418 to depositors of the Farmers State bank of Eagle $15,248 paid depositors in the Upland Banking Co.

Nine hundred years ago the Indians were probably raising corn and to bacco along the Platte valley as far west as and living as sedentary life as any modern farmer, Dr. Earl H. Bell, assistant professor of anthropology the state univer sity at Lincoln asserts. The Indians Dr. Bell says, were highly cultured people. About the time of the advent of the white man and his horse, the Indian gave up farming and became hunter, his culture then showing decline.


Article Text

State News Items of Interest

Benjamin McKeen, 64, editor of the Coleridge, Neb., Blade, died in a hospital at Sioux City, recently. Before going to Coleridge 11 years ago. he published papers at Winside and Madison, Neb.

T. W Bass' last statement as state treasurer showed that current revenue funds total $2,501,001 against $2,832. 123 a month ago. The general fund included in this total mounted from $739 during the month to $1,001,969. Large declines occurred in road funds and university cash funds.

The state banking department recently announced $104,607 was returned to depositors in failed state banks last month by liquidation efforts of its receivership division The money went to depositors in 14 banks and varied from $1,418 to depositors of the Farmers State bank of Eagle to $15,248 paid depositors in the Up land Banking Co.