Cottonmill Lake
Kearney Hub
May 29, 1905
--In the large basin of the fountain in the Kearney Grocery
companys store is a curiosity in the shape of a silver bass
weighing nineteen and one half pounds. This monster fish was
caught by Mr. Travelpiece in the cotton mill lake and is the
largest specimen of its kind ever caught in these waters.
BCHS Archives file
Like it Was
1952 Annual Hub carriers picnic at stone lodge at Cottonmill
State Park
Hub 1973
The park has 107 acres
Cottonmill Lake
Recreation Area owned by NE State GameCommission
Ceded to Buffalo
County & City of Kearney
Approved by
State Legislature 46-0 with emergency clause to take affect
as soon as the governor signed the bill.
Bill was
sponsored by Sen. Gerald Stromer, Kearney, Sen. Maurice
Kramer, Aurora, and Sen. Dennis Rasmussen, Scotia.
Other State
Recreation Areas transferred to local government ownership
were Stolley Park to Grand Island, Arnold Recreation Area to
Custer County, and Long Bridge Special Use Area to Merrick
County.
Bill was first
introduced two years earlier but was attached as a rider to
another bill which was vetoed.
Dean Canon was
chairman of the County Board of supervisors
Ray Lundy was Kearney City Manager
A separate Board was to be created.
They plan to
apply for federal and state funds to help with
reconstruction. Plan to hard surface roads and parking
areas, put in domestic water system [irrigation type well
for swimming area], restrooms, playground equipment,
lighting, caretakers home, mechanical shop and equipment
storage.
No plans to dredge the lake.
Hub May 1, 1973
County Board approved the Cooperative Agreement with the
city. Vote was 6-1 with Ray Johnson voting against because
he thought we have enough parks in the Kearney area.
[Since then
Kearney has added 4 parks Baldwin, Harvey, West Lincoln
Way, Yanney]
City Council had
already voted on the agreement.
Advisory
Cottonmill Lake City and County Recreation Park Board was
established
2 Kearney
residents appointed by the mayor
2 County residents appointed by the County Board
1 person chosen by the other 4
[At some point between then and now a change was made to put
Cottonmill Park under the responsibility of the city parks
advisory board.]
Hub July 20, 1973
Kearney budgeted $143,000 for Parks & Recreation. Most was
to be used for development ot Cottonmill Lake.
City and County
to take over the 98.4 acre lake area from the State on Jan.
1
Kearney liked it
for the camping and outdoor cooking opportunities not
available in other city parks
Hub undated
Pictures of the stone lodge in 1940 when it was built and
the present [1974?]
Originally had
stone chimneys at each end. Big one at north end for
fireplace. Smaller one at east end. [Was there a fireplace
there also?]
Stone retaining
wall across the front by the road was originally even with
the top step and extended clear across the front of the
lodge.
Second picture shows remnants left.
Hub Dec. 23, 1974
Picture of work on shelter at north 4end of lake at the
city-county park.
Nebraska Game & Parks Commission
Cottonmill Lake was purchased from U. S. Trust in 1960 for
$40,000.
Sources Online
http://company.monster.com/ustrust/
The U.S. Trust Corporation is one of America's oldest
investment management and trust companies. Founded on Wall
Street in 1853, U.S. Trust's earliest clients were
entrepreneurs - railroad barons, merchants, shipbuilders,
industrialists - and the corporations they created. Later,
we helped their heirs preserve the wealth these pioneers
built.
http://www.forbes.com/markets/2006/11/20/bank-of-america-markets-equity-cx_jl_1120markets12.html
Bank of America To Buy U.S. Trust
Josh Lipton 11.20.06, 5:02 PM ET
Bank of America announced Monday will that it will buy U.S.
Trust, the wealth-management subsidiary of Charles Schwab in
all cash deal for $3.3 billion. The resulting entity will be
the largest manager of private wealth in the U.S.
Based on assets under management by private banks, Bank of
America is currently the second largest manager of private
wealth in the U.S., while U.S. Trust is the fourth. The
combined entity will be first, according to Bank of America,
with a total of $261 billion in assets under management.
Schwab first bought U.S. Trust for about $2.8 billion in
2000
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