Saturday, July 23, 2011

Cancel for July 23: First National Savings Bank, Neligh, Nebraska


FIRST  NAT'L BANK
JUL
23
1898
NELIGH,  NEB.


Not long after the use of the stamp, the First National Bank would have the regulators close in:

From The New York Times, October 20, 1898:

Failure of a Bank at Neligh, Neb.

WASHINGTON, Oct. 19.--Bank Examiner Whitmore has telegraphed the Controller of the Currency that he has closed the doors of the First National Bank of Neligh, Neb.  He says the condition of the bank makes resumption impossible.  The bank's report on Sept. 20 was: Capital stock, $50,000; surplus, $3,037; due to depositors, $108,956; borrowed money, $10,000; circulation, $11,250.  Total resources, $183,243.

***

Neligh is a small town of about 1700 on the Elkhorn River in Nebraska and is the county seat of Antelope County.

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