First National Bank (Adams, NE)

View Charter #9223 on SPMC View balance sheet

Episode Information

Episode UID
922301607
Episode Type
Suspension → Closure
Bank Type
national
Bank ID
92230 national
Charter Number
9223
Start Date
November 24, 1933
Location
Adams, Nebraska (40.459, -96.510)

Metadata

Model
gpt-5-mini (chosen from majority vote of a three-model LLM ensemble)
Short Digest
be74f169ec379827

Response Measures

None

Receivership Details

Depositor recovery rate
100.0%
Date receivership started
1933-09-12
Date receivership terminated
1936-12-31
Share of assets assessed as good
37.8%
Share of assets assessed as doubtful
62.1%
Share of assets assessed as worthless
0.0%

Description

Receiver Ralph (Ralph) Kline/Klein appointed and filing to liquidate securities; reorganization discussed but not definite.

Events (3)
1. August 21, 1908 Chartered
Source
historical_nic
2. September 12, 1933 Receivership
Source
historical_nic
3. November 24, 1933 Receivership
Newspaper Excerpt
Ralph Kline Petitions Court For Action In Adams Bank Case... Ralph Kline, receiver for the First National bank, Adams, has filed in district
Source
newspapers

Newspaper Articles (4)
1. March 30, 1933 The Banner-Press David City, NE
Article from The Banner-Press, March 30, 1933

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Article Text

Abed Five Months, Nevertheless Has Carried On. Associated Press Dispatch Omaha Lincoin Neb. March generally have trouble enough legislatures when but Governor Charles Bryan of Nebraska has pushed his program from sick Elected governor for the third November, bed election night with cold and basn't able to his since: His has been missing from the capitol but not his influence From his bed where he took the oath of office he has kept in close touch with the legislature, submit ted embodying his pledges and through his political lieutenworked enactment his program: He sent his inaugural message the legislature few days after heart attack and submitted his budget recommendations earlier usual, When hundreds Nebraska farmers marched on the capitol, the sick governor directed arrangements to receive them the legislative chambers and duced bill for mora- torium mortgage foreclosures which was enacted promptly the banking situation to grow serious over the na Bryan had telephone stalled by his bed and on March ordered Nebraska banking day to protect the state's financial institutions From telephone, directed arrangements for notifying banks and started plans for their reopening bill giving him tatorial power over state banks for two years was rushed through the legislature his request with dissenting votes One of the most vigorous tests with the legislature came truck fees and regulations Governor Bryan pledged work for and increases weights but legislature An attempt by the governor the trucking question tied passengerfee reduction wantby the legislature Bryan withheld his signature separate passenger car the legislators also passed the sired trucking legislation Early the session he approve his recommendations for abolition of the party circle for ratification of the duck amendment, for revaluation estate year and several measures in line campaign Bills embodying all of his inaugural suggestions the house which early approved his plans for repeal of the intan gible tax law. repeal deficiency judgment law, reduction of legal interest rates. revision the ministrative departments under the governor and several other measures for reorganization government Although Bryan's third term, been the first had The Test of Loyalty. (Edgar Howard in Columbus Telegram.) the days since the birth of the an exhibition of intense the people now displayng toward President The home folks writing to interesting evidence of the loyal everybody Fremont high school boy writes follows: President Roosevelt could be ted king of America he should ask people The evidence loyalty to our new comes from charming lady in Tekamah. She writes as follows: "So strong and so wonderful the devotion of our to Presipeople dent Roosevelt that really lieve every one in Nebraska would instantly obey the president should issue proclamation calling upon the citizens to assemble given stated hour the public parks and stand on their heads for one full minute.' reckon these word pictures the loyalty of the home folks may just little overdrawn, but am ready to believe that president of the United States ever enjoyed in time of peace such stant and intense loyalty on part the people as in this hour idenced in every nook and corner the county in behalf of President Roosevelt

2. November 24, 1933 Beatrice Daily Sun Beatrice, NE
Article from Beatrice Daily Sun, November 24, 1933

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Article Text

RECEIVER APPROVAL FOR BONDS Ralph Kline Petitions Court For Action In Adams Bank Case SECURITIES FALL FAR UNDER PAR What might be termed crosssection picture of the effects presentwhich Ralph Kline, receiver for the First National bank, Adams, has filed in district Attached to the petition is long list bonds certificates which the receiver proposes to convert cash in the best interests of the bank. The securities free assets. They of course listed their value, but they are now marketable far below par. Among the bonds some like two Insull issues which are involved what has been termed "utilities empire Samuel Insull now selfexiled Greece, the U. government having failed secure his extradition to face charges in Chicago. Some of the bonds are in fault, having paid no interest for long period. the paper totals about Some dropped from quotations above par in the days the speculative boom to virtually nothing General Theater Equipment bonds, by deposed movie in senate the Chase bank, New York, included in the Adams bank list. Other securities represent sues Australia, Chile, Italy, France, Austria, Germany other countries governmental within their borders. through protective commitsimilar to groups which have been formed after other bank failures, Receiver Kline course suggests the sale of the bonds at price obtainable." When questioned last night the receiver declined discuss the fairs of the bank except the proposed sale of the securities set forth in his court petition. It been reported at Adams, howeverr, that there has been discussome sion plans. Noth(Continued on Page Eight)

3. December 1, 1933 The Wymore Arbor State Wymore, NE
Article from The Wymore Arbor State, December 1, 1933

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Article Text

Week of November 27 to Dec New Cases Filed In District Court Vern Ayers, Mary Ballard, Mary Creighton and Helen Baete, Ernest Hubka County of Gage County, Nebraska, Paul Good of Nebraska, and Charles Bryan Governor and Commissioner of Labor Order. Attorneys for plaintiffs, Sackett constitutionality of the state law prohibiting women working in restaurants after midnight in cities of the metropolitan and first class has been challenged district Court where Vern Ayers, proprietor of Ayers' Cafe Beatrice has filed an action seeking have state enforcement officers restrained from applying the law instance. With him as plaintiffs are Mary Ballard, widow, Mary Creighton, widow, and Helen Baete, partial supporter of her parents, employment at cafe would ended by the application of the statute. The plaintiffs allege that enforcement officers about to bring action against them, and contend that the statute to invoked uneonstitutional does not prevent female employ. ment towns less than first class after M., but legislates against of first class and ropolitan The cation of the law, the petition further alleges, would hurt the welfare of the plaintiffs and the community generally; would impair the health and welfare of the plaintiff employand their dependents; would constitute an invasion of property rights and would add to employment distress. The business has been successful and stable, Ayers contends, by its operation 24-hour basis and this would be largely destroyed if that basis were reduced to fewer hours of service. In event the statute should succeed in obtaining the dismissal of the three girl employes the cafe could not be erated 24 hours day for the that the nature of the work not such that male employes can carry out successfully. Attempts do that have failed). Hentges Henry VanBeek; Alzena VanBeek, Ralph Klein, Receiver of the First National Bank of Adams, Nebraska, Zink Brothpartnership, composed of Zink and Val Zink, RichardSale Certificate. Attornfor plaintiff, Rinaker Delehant. Gilbert Cobb George nas, to Quiet Title Attorneys for plaintiff, Rinaker Delehant and Hevelone. property in question consists of Lots Block 10, Green's addition to Belvidere Heights, Beatrice). Fred Ostendorf Robinof Mortgage. Attorneys for plaintiff, Killen VanBorkum. The Mutual Benefit Life Insurance Company, corporation, Mary Gann, et of Attorneys Stewart Whitworth, Lincoln, Nebraska. Dean Coonley, recently appointed Register of Deeds of Gage County succeed Charles Judd, states that while the county board has authorized the appointment of clerk his office he probably will not make the appointment until after JanuCoonley asked for the pointment privilege Tuesday der bring the office force up normal strength. Clerk Dean Brandt retired at the time Register Judd's resignation became effective, about November 1st. Fay Henderson, of Beatrice, granted divorce from Henderson on grounds of cruelty district court Monday. She was given custody of the couple's two children and was allowed $25 month for their support, to be paid the defendant. Pabst, sentenced last week District Judge Fred Messmore to year in the penitentiary for stealing car belonging to ren Williams of Pickrell, was taken prison Saturday by Sheriff Tom time. The farm known as the Burgess place, which of mile north and miles west of Filley, offered sheriff's sale at the Court House, Tuesday, to satisfy mortgage. The eighty acre farm brought $8,283, which was amount of the mortgage. averaglittle more than $100 an acre. The property was owned by the State Bank of Douglas, now defunct, and the mortgage held by Ada DunMrs. Dunlap was the winning bidder the sale.

4. December 1, 1933 The Wymore Arbor State Wymore, NE
Article from The Wymore Arbor State, December 1, 1933

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Article Text

Marriage Licenses The following licenses marriage issued in County Court the week: Leonard Hagan, 26, and Emma Wehmer, 24, Lincoln. Frank Reimer, 27, Beatrice, and Esther Thimm, 23, Beatrice. Hago Miller, Filley, and Julia Andersen, 23, Filley. Ralph Klein, receiver for the First National Bank of Adams, has filed petition in district court, attached which long list of bonds and certificates which the receiver to convert into cash in the best interests of the bank. The curities free assets, and are are now marketable at far par. Some of the bonds are default, having paid no interest for long period. At par the paper totals about $140,000. Some have dropped from quotations well above in the days of the speculative boom to virtually nothing. The may be sold through protective committee similar groups which have been formed ter other bank failures. Receiver Klein, of course, suggest the sale of the bonds at best price obtainIt has been reported at Adthat there is some diseussion of reorganization of the bank, but the information not definite.