People's Pilot, Volume 2, Number 32, Rensselaer, Jasper County, 27 January 1893 — THE STATE MUST STAND IT. [ARTICLE]

THE STATE MUST STAND IT.

Nebraska Caught for a Quarter of a Million in the Hank Failure at Lincoln— Total Liabilities About 8600,000. Lincoln, Neb., Jan. 4. Th« Capital national bank has passed into the hands of a receiver. Its failure catches the state treasurer for (250,000, the county and city for large sums, and over 100 of the leading business houses, besides large numbers of small depositors, who will lose from (500 to $2,000. The immediate cause of the failure was the fact that the state treasurer had notified the Capital national that he should require SIOO,OOO within the next week. Treasurer Bartley arrived Monday morning and said that inasmuch as the governor, secretary of state and attorney general had approved the bond of Mosher & Outcalt for $700,000 under the law which went Into effect when he took charge of the state funds, he and his bondsmen are released from all liability. The loss, $250,000, will fall upon the state. In qualifying on the board Mosher swore that he was worth $500,000 and Outcalt $300,000. The total liabilities of the bank are about $600,000. Omaha, Neb. Jan. 24.—A commercial agency at this place has given notice to Omaha banks that the Capital national bank of Linedin will probably be able to pay depositors in full. In order to do this its stockholders will be obliged to pay from 25 to 50 per cent on the claims of depositors. It is ! claimed that none of the Omaha banks will lose anything.