12001. State Bank (Papillion, NE)

Bank Information

Episode Type
Suspension β†’ Closure
Bank Type
state
Start Date
July 1, 1926*
Location
Papillion, Nebraska (41.154, -96.042)

Metadata

Model
gpt-5-mini
Short Digest
c249d2dec7a6a9b9

Response Measures

None

Description

The State Bank of Papillion was taken over by the State Guaranty Fund Commission / state banking department in early July 1926 after discovery of large discrepancies and alleged embezzlement/forgery by the president Edward (E.) Goerke and involvement of cashier Charles/Earl Marshall. The bank closed and a receiver (Brownell) was later appointed; records indicate permanent failure rather than a temporary suspension or customer run.

Events (3)

1. July 1, 1926* Other
Newspaper Excerpt
The State Bank of Papillion ... is in the hands of the State Guaranty Fund Commission today and Edward Goerke, the president, is missing. ... The exact condition of the bank will not be known until after full audit has been made of the books, but it estimated that there may be shortage of more than ... The bank's deposits were ... Hunt for Goerke directed by Sheriff Condit ... the missing man was seen last ... and did not appear the bank on Friday. Authorities have no clue to whereabouts.
Source
newspapers
2. July 3, 1926 Suspension
Cause
Bank Specific Adverse Info
Cause Details
Discrepancies/shortage discovered in the bank's records (estimated $171,000–$200,000); president Edward Goerke missing; alleged embezzlement and forged notes discovered.
Newspaper Excerpt
The State Bank of with deposits of $325,000 will be taken over by the state department of trade and commerce today ... because of discrepancies in the bank's records ... Edward C. Goerke, president of the bank, has been missing since midnight Thursday.
Source
newspapers
3. July 7, 1926 Receivership
Newspaper Excerpt
Marshall, former cashier ... trial, with forgery and utterance of two notes totaling ... Tewes Rohlfs ... who placed in charge of the bank by Brownell, receiver. July 1926. He identified two notes, drawn May 13, 1926 ... Rohlfs also testified that certain notations ... were the handwriting of Goerke ... This was ... substantiated Marshall's contention ... Brownell, receiver, will turn ... (articles indicate receiver Brownell was appointed after takeover).
Source
newspapers

Newspaper Articles (13)

Article from The Waco Times-Herald, July 3, 1926

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WITHDRAWALS BY DEPOSITORS FORCE FINISH Run on Bank Closes One And State Department Closes Another FORT LAUDERDALE Fla., July 3. City bank failed to open its doors for this morning following an order issued by the board directors placing the bank in the hands of the state bank de. partment The two other banks in the city opened usual and deposi tors assured that there was no cause for alarm. Homestead Bank Closed HOMESTEAD July Heavy withdrawals by depositors in the Citizens' bank of Homestead caused the institution to close its doors to day pending settlement. Officers of the bank said they expected to reopen Tuesday. Nebraska Bank to Be Closed PAPILLION Neb., July The State Bank of with deposits of $325,000 will be taken over by the state department of trade and com. merce today. because of discrepancies in the bank's records totalling about tary of the state guarantee fund has Edward C. Goerke, president of the bank. has been missing since midnight Thursday Detectives found his Omaha apartment in disorder.


Article from Nebraska City News Press, July 4, 1926

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MAY BE A SHORTAGE Guranty Fund sion in of Bank; Deposits $325,000 OMAHA, Neb., While the search for Edwin Goerke, missing president of the state bank at PapflHon, Neb., was on tonight, anthorities are investigating Goorke's connection with Jack Parson, Pilger, Neb., youth, who claims to be heir to two million dollar estate. Joseph Gray, attorney for Parson, admitted tonight that Par. had credit of $8,000 in the Papillion bank but that he drew only $1,500 this out before Goerke Investigated the young man's claims to the fortune and withdrew the credit. Authorities are investigating the supposition that Goerke was the idea of handling the fortune which the young man believed he was to inherit might have engaged in wild speculation in which the nearly $200,000 shortage might have been lost. Goerke's alleged operations rΓ‘n for two years before the discovery was made. OMAHA, Neb., July State Bank of Papillion, Neb., in the hands of the State Guaranty Fund Commission today and Edward Goerke, the president. is missing. Albert Held, the Commission. declared that Goerke has Thursday night. after he had Isaid he intended himself. The exact condition of the bank will not be known until after full audit has been made of the books, but it estimated that there may be shortage of more than The bank's deposits were Hunt for Goerke. who is well known in state banking circles, directed by Sheriff Condit of Lincoln. The missing man was seen last and did not appear the bank on Friday. Authorities have no clue to whereabouts. Goerke's beautiful apartment at the Nottingham, Omaha, (Turn to Page Col.


Article from Nebraska City News Press, July 4, 1926

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Marshall Cashier of Wrecked Sarpy Bank Earl Marshall, former Nebraska City and Douglas man and at one time with the Otoe County National Bank of Nebraska cashier the State Bank of Papillon, whose president, Goerke missing, leaving the institution bank examiners believe is condition. who married Miss Leta Thomas, Nebraska City, is assisting the State Banking Bureau to straighten out the affairs of the bank.


Article from The Grand Island Independent, July 6, 1926

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CASHIER CUSTODY Marshall Arrested As An Aide to Missing Banker in Embezzlement PRESIDENT IS SOUGHT Griggs Announces Several Clues Have Been Obtained Which May Lead to to the Bank Mounting. Omaha, July last night of Marshall, cashfer of the State Bank Papillion, aide to Edward Goerke in the alleged embezzlement of large sums from the Papillion the first definte development in clearing up what Kirk Griggs, state banking secretary, has callNebraska's worst bank misman- agement. Marshall was arrested in Omaha warrant charging him with being fugitive from justice and as being jointly guilty with Goerke in the alleged embezzlement of about He has been assisting examiners of the state banking department in checking accounts since the bank closed Saturday. The warrant joint one naming Marshall and Goerke. signed by County Judge Wheat, of Sarpy county. Nothing has been heard of Goerke, who disappeared Friday night. Working on Clues. Lincoln, Neb., Griggs, secretary state trade and commerce department, nounced today that have been obtained which may lead to the prehension Goerke, missing Papillion banker who disappeared last Thursday. Mr. Griggs would divulge the nation of the information. The loss thus according examiners reports today, about $171,000. Griggs said. He also advanced theory that Goerke may have stolen destroybonifide notes bank, well forged and raised notes. This, Mr. said, doubly difficult to accurately check the loss. Forgeries, added, the most difficult of any irregularto catch.


Article from Evening World-Herald, July 7, 1926

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SHERIFFS TRAIL GOERKE; NEWS FROM PURSUIT Forged Notes of Papillion Banker Were Bought by Union State Bank. MARSHALL IS FREE ON BOND OF $8,000 Olderog of Sarpy county Sheriff Condit. left Papillion together Monday in Con search of missing the State Bank Papillion, absent and sent no word the progress their pursuit. deputy said believed in vicinity of City Louis with warrant for Goerke's arrest on fraud Marshall. cashier of the bank, his release from custody thousand dollar bond Tuesday night, did come Papillion today He announced that he would couple days and if desired. would return their the bank's records check of the Richfield bank controlled Goerke, began this morning by Edmund examiner the guaranty fund and while check 10 days ago nothing amiss in the Richfield second being measure Graham. bank cashis aiding. County Attorney Collins of Sarpy county said Union State bank Omaha holds 32 thousand dol in notes given by money Included are declared follows August Max All the men affidavits that the forged Charles Leaders. wealthy Papil lion farmer holds from John farmer for three lars, the signature Edwin Papillion, dollars signatures forged No Business at Bank The bank no business today Buckner, guaranty fund commission Hedge Rohlfs, been placed charge of the bank Albert Held, commission, will turn to Lincoln today phoned night from man, apparently demented, had been taken from train. He said (Continued on Page Column


Article from The Petersburg Index, July 9, 1926

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Copper Rivets By Harry A. Nye The Index Foreman Science says that, of all sounds, baby's cry has the greatest carrying power. And dad is the carrier. The products of California vineyards have increased in price nearly 500 per cent since prohibition-which ought to prove something. Seven persons, all over 100 years old, died in Nebraska last year, all of which leads to the belief that this is an unhealthy climate for old folks. The little things often count. Under certain conditions a broken elastic will cause more commotion than a run on a bank. The refusal of the New York boxing commission to let Dempsy fight Willis just now because he is not in condition, will cause a widespread demand for Dempsy to fight somebody right away, before he has time to get pink. A judge says nagging sometimes does a husband good. So does strychnine, but it should be administered by an expert One point that hasn't been made quite clear is whether John Stink, the Usage hermit, is a her mit from choice. The trouble is that instead of brieging home the bacon, many a fello v brings ome his cooked goose. A man out in the desert of Wyoming who was in a dying condition, wrote his will on his shirt, giving his partner a claim in a paying mine. When the partner returned to San Francisco his wife sent the shirt. to the laundry and the will was washed out. 'Cleanliness before riches" is a woman's motto. "He that hath hands, let him use them," IS an old Chinese proverb. But in those days the Chinese had no pickpoekets or prize fighters. One of the bes rules for conversation is to use only words you know you can pronounce correctly. When in doubt, select other words to convey your meaning. The English language is the most elaborate one on the globe. Things must be bad in the gang war, when one woman, Mrs. Frank Camera, is widowed twice in one month by gangsters. Chicago would no doubt be pleased to accept any plan for ridding the city of gangsters. Thomas Jefferson's one-horse gig is being exhibited at the Philadelphia S e S a uicentennial. It is probable that Jefferson's gig is more popular in that town than his political doctrines would be in one of its primary elections. Is a man of the political status of Brookhart, a good representative for any state? A man of this day and age should either be a democrat or a republican, for people to have confidence in. A man who doesn't know on which side his bread is buttered, can't represent the people rightfully. A wishy-washy politician is no good at all. Speaking of airplane and automobile rides, but how would you like to ride an iron beam from the ground up to the twentieth story of a skyscraper, with nothing between you and the earth but a slender cable. Girl who slapped a preacher's face in Kentucky recently for calling her a "painted flapper, has been set free. Some day she may slap a prize fighter and spend a few days in the hospital. Spending a little matter of nearly a quarter of a million dollars for campaign expenses does not seem to bother some Pennsyl. vania candidates. Now a Boston minister says the skirts worn now-adays are the height of immodesty. The girls, however, claim that they are the height of fashion. An Ohio paper is "agin war." It tell the world we says Try our service and oils, you'll be satished. Petersburg Oil Co. --Its a pleasure to camp with Coleman's Camping Outfit. See Leifeld's Cash Hardware and rent one for that trip. -Pittenger at Albion can clean any size rug in 48 hours. Rugs cleaned at Pittenger's Albion. Forty-eight hour ser vice. -Coleman's camp stove and tent for lease. See Leifeld Cash Hardware before you make your plans for a trip. Miss Josephine Carraher came up from Lincoln to spend the Fourth with home folks. She is a summer school student at the State University. Service with a smile. Petersburg Oil Co. -Before selling your cattle or hogs see me for the best prices. A. C. Pelster, Co-operative Shipper, Petersburg, Nebraska. Phone -111. 34-ft Michigan bandits have freed two Americans. It's no more than fair; considering W h a Americans do with bandits American Lumberman. Free air at the Petersburg Oil Co.'s Filling Station, Save money by insuring your property in the Farmers Mutual of Nebraska, $1 per hundred for fire, lightning, wind rnado, and hail. $1.50 per hundred for town property for five years. Write or phone J. H. Prenger, Petersburg, Neb. 3s-tf Henry Cooper was a county seat business visitor Saturday afternoon. -See Leifeld's Cash Hardware for your camping stove and tent before you plan on camping out. A complete set can be rented at a nominal cost. "What," queries the fashion department of the Omaha Bee, "has b e m e of the old-fashioned sash?" It still abounds, deariè, only nowadays it is called a skirt. New York World. The State Bank of Papillion has been taken over by the Guaranty Fund Commission and it is estimated that losses nearing $200,000 will fall on the State Guarantee Fund. D. E. Marshall was cashier and E. G.Goerke was president. Mrs. R. A. Lucas, of Wisner, who inherited $100,000 from her brother, a banker at Bancroft, has donated $85,000 to the Methodist hospital at Omaha. Her nephew tried to prove in court that she was insane but the court holds her sane and the hospital will get the money. H. M, Parmer is in the Lutheran hospital at Norfolk where his eneral health is being built up preparatory to an operation for a goitre. Mr. Parmer was resting easy yesterday and the attending physician believes that his condition will soon warrant the operation. His many friends are hopefully awaiting word that he is safely on the road to recovery. Tilden Citizen. Sister Mary Malachia from Milwaukee, Wisconsin, arrived here Saturday and will spend a vacation period visiting her sisters, Mrs. J. A. Vogt, Mrs. Antone Schmitt and Mrs. John B. Schmitt. Dalton Delegate.


Article from Lincoln Journal Star, July 10, 1926

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EASY TO SEE GUARANTY FUND OFFICER SAYS RECORDS Blames Bank Examiners for Not Seeing Papillion Bank Condition Traced. OMAHA, July and records of the wrecked State bank Papillion were in such condition, even before the recent spe examination resulted disclosures the discrepancies, that the true state of the bank's affairs should have been known examiners long ago, according Buckner, assistant secretary the guaranty fund commission. who with crew is busy with the wwork of salvage. "There scarcely an account records not destroyed that is not balance," he said. Displaying ledger, he continued: sheets have been torn out, and have learned that they have been gone for some time. only one or few indications irregularity how might have escaped notice of examiners. But with such multitude of discrepencies, right, not see how the fact could escape casual scrutiny Buckner said that after he came from Lincoln try to salvage the wreck, he spent hours quizzing aminers an effort find out how and when they first discovered wrong. "Seemingly they became suspiciabout item, but didn't know for sure that was he said. "So they asked the bank president and cashier go with them to Lincoln to explain Kirk Griggs, head the state banking "But when the president disappeared that night, and next mornrecords in the bank were found be missing or messed, they became convinced that there was something radically amiss.' Buckner said he not speaking of outstanding forged notes. "These not easily detected in examination there is for suspicion beforehand." Five more substantial residents the vicinity of Papillion have reported that notes bearing their signatures and put up by the bank are Buckner said. They are Hans Best(Continued


Article from The Omaha Evening Bee, October 15, 1926

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SIGNATURE QUESTIONED Rohlfs, of Bank Operator for Receiver, Identifies Writing on Notes as That of Former Cashier. The spirit of Goerke misspresident of the State Bank Papillion over the district courtroom Papillion Friwhere his Charles Marshall, former cashier of the bank, trial, with forgery and utterance of two notes totaling The morning session occupied by an examination Tewes Rohlfs of Council who placed in charge of the bank by Brownell, receiver. July 1926. He identified two notes, drawn May 13, 1926, one for purporting bear the signature Michael Klein. and the other for bear the nature of on Signature. He testified that he had had occasion become familiar with Marshall's handwriting that the body of was Marshall's hand. He made no comment on the signatures Rohlfs ledger sheets which gave the record of the account Michael Klein the bank and other bank records including the note register Rohlfs also testified that eertain notations on the notes were the handwriting of Goerke, the missing president and said entries concerning the notes in the note register in Goerke's hand. This was and substantiated Marshall's contention merely drew the notes and turned them over to Goerke Writing Experts Not Called. Shane Omaha and Jay Fordyce Wood of Chicago, hand writing experts called by the state, appeared in the courtroom Friday but were not called to testify They pected to take the stand Friday afternoon. Records of gun club of which Marshall which are admittedly in his own handwriting were introduced basis for comparison William W. Maish of Des Moines and C. Shearman of Page Column Two.)


Article from The Plattsmouth Journal, December 27, 1926

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Former Bank Cashier Admits He Embezzled Glenn Benter Gets 10 Years for Five Hundred Dollars From Failed Richfield Bank. Papillion, Neb., Dec. former cashier the First State of Richfield, four south of who was at Schuyler, Neb., warrant charging which was sworn here by County Attorney pleaded guilty today at his preliminary arraignment before CounJudge Wheat. was sentenced this afternoon District Judge James Begley, term of from to ten years. Benter, cousin Goerke, missing former president of both Papillion State bank and the First State bank Richfield, both of which failure summer, left the latter stitution before it was taken the state guaranty fund commission. failed with the crash of the State bank. In the warrant, he was formally cused five hundred this At the time the Richfield bank closed, understood that of funds approximately thirty Benter employ bank went to the his parin Burke, and later When County Attorney Collins of his he signed the complaint based. In his plea of guilty before Judge Wheat, he had no comment to make. Sheriff Olderog of this county to Papillion at today from Omaha where he took him custody from the sheriff at Schuy-


Article from Lincoln Journal Star, September 21, 1927

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MERE MENTION. Angle moved Sharp Aaron Speter moved 802 Sharp Opening dance of the Fight returns at Crystal FurniThursday Frederick Miller, dentist, Sharp Dr. Olney moved 824 Sharp Bldg. Phone Leopold, rectal ist, moved Sharp location, Sharp Chunk wood for and fireClover Coal Co. Roses, 50c, 75c and Floradale, all week. 140 Complete line of school supplies fountain Call Curry Watson for AutomoStreet. Tel. Warranted $1.00, $2.00, TuckerShean, Take in plants Special $4.50. Rudge Guenzel Special for balance of the month, shampoo finger wave $1. Mayer Bros. Beauty Your garments insured againse burgiary. Apex Cleaners Right selecused 1338 the Buick Used Car Dept. Watch want Wrist watches, new shapes, $10.00, true time tellers. Tuck1123 furniture 18 rooms, furniture, 1246 today. See classified Harris Johnson, 3264 street, his stolen and 11 o'clock Wednesday morning. Lindquist, 2903 North Forty. third, Place, that had stolen his police where he had left the side his house. Highest quality Illinois, Kentucky and popularly priced, for prompt today Phone lucky, yours B3236. Union Coal Beck, 1246 South Sixth, lost bulbs, lens license plate from car hotel Tuesday to report made to police. Fortunes have been built 2c savings. That what saved our meals served in Cafeteria. It here. Rudge Guenzel Adv. company tified State Stebbins state warrant for to been stolen. warrant 22,293, drawn upon gasoline fund. the Radiola can hear the you fight home. Ringside seats for entire family. Ross Curtice will install for you Phone Dewey Farmer, has claimed touring that police Seventh and The car had stood there for several days before took charge. Pallett of Crete ported night that large sedan from place about the car valued at about $50. health morning that has of chicken pox, scarlet fever and two of infantile One case of has been reported. Emma Mohr was given decree from Mohr by the Mohr alimony for child support, for four children. Firemen made to 514 South small fire the De John Hoffman, No was The fire started from sparks Insurance Dumont the comAuto United latter $300,000 capital. Three Italian of New arrived They exterior and llwork on the building by Lee Lowrle, sclupNew York. abatement in the case Vivian was Judge Wheeler suit against his divorce the Who has become sole owner Lincoln Cleaning Works, thru the recent purchase stock held by other interests. Wigton joined firm March 1924, when he purchased half interest in the concern, and has been in active charge the plant time. He engaged in this for the past ten years in Lincoln. company, on policy settled and dismissed Judge mornTangney and had given in ment by the blaintiff whose favor the policy that the had paid by claimed that the policy greater than its the policy void. claimed the note maturity. commission, Receiver Brownell of State Bank Papillion, the from allowance by the trict of Sarpy county the for Ernest Ruff and $4, favor the American Burr. Huff had number the bank, and claim cut from $6,965. bank Burr Goerke, the president the Papillion its claim founded deposit failed bank. The claimed that this fictitious credit and created of kiting operations the Papilion banker, which denied the Burr bank and claimed be all done good faith for value received. The Northwestern Public Service of owner several plants Nebraska, gained the approval Wednesday the state railway the issuance of of cent bonds, not than cents on the dollar, and sell 986 shares of its percent cumulapreferred stock selling not more than share. The proceeds the are to used to pay the cost properties which included plant Platte Center, and for betterments to plant and in progress, dating back finds that the are for poses. company had $228,000 for the ending and tion will add to the outlay,


Article from Lincoln Journal Star, September 21, 1927

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MENTION. Roberts, Drs. moved Sharp Aaror Speter moved 802 Sharp Bldg. Opening dance of the Lynx Fight returns at Crystal Furniture Co., Thursday Frederick Miller, dentist, Sharp Bldg. Dr. Olney moved 824 Sharp Bldg. Phone Dr. H. Leopold, rectal specialmoved 916 Sharp Shneider, tailor, location, Sharp Chunk wood for furnace place. Coal Roses, 50c, 75c and doz., Floradale, all this week. 140 So. Complete line of school supplies 1123 Call Curry Watson AutomoStreet. Tel. Warranted school clocks, $1.00, TuckerShean, Take your plants Special Rudge Guenzel Special for balance of the shampoo finger for Mayer Beauty Your garments insured againse Apex Cleaners Right there good selection used cars 1338 Buick Used Car Dept. Watch the Wrist watches, the new shapes, $10.00, Warranted true time tellers. Tuck1123 Big furniture auction, 18 rooms, etc., 1246 good today. See classified Harris Johnson, street, reported that his stolen from Twentieth between 2:30 and 11 o'clock Wednesday morning. Lyle Lindquist, 2903 North Fortythird, University Place, reported police had stolen his from where had left the side of his house. Highest quality Illinois, Kentucky coals popularly priced, for prompt delivery Be lucky, yours Phone B3236. Union Beck, 1246 South Sixth, lost bulbs, lens and license plate from while parked the hotel night, to report made police. Fortunes have been built 2c savings. That last meals served Cafeteria. here. Rudge Guenzel Adv. On company tified State Treasurer Stebbins state warrant able had been stolen. The warrant 22,293, drawn upon the fund. On the Radiola you can hear the fight Ringside seats the entire family. Ross Curtice Company install for teday. Phone Dewey Farmer, has claimed the touring car that police found abandoned Seventh and The car had stood there for days before officers took charge. Pallett of Crete reforted Tuesday night Lineoln that his large sedan its place Crete about the car surgical valued at about health department reported morning that has chicken fever and infantile One more case of measles has been ported. Emma Mohr given decree from Jacob Mohr of the district court Mrs. Mohr $785.85 alimony and $25 for child support, for four children. Firemen made to South to extinguish fire the St. Francis Sales church occupied Hoffman, damage started from sparks chimney. Dumont admitted comMutual Auto United Mutual Fire Western Kas., the latter $300,000 capital. Three Italian carvers of New York arrived They exterior and later the cold the building from by Lee New Plea abatement in the of Schilling schilling was sustained Judge district brought against his wife for divorce the sole owner Dye Works. thru stock held other interests. Wigton joined the firm March when he purchased half the been in charge the plant that time. been this line work for the ten years in Lincoln. grounds of extreme cruelty. plea abatement was asked Nine unions of Lancaster county were represented annual Lancaster county meeting held First Christian church Bethany convention closed with pageant, Doldirected by Mrs. Barton Johnson. State Treasurer Stebbins planning call state warrants issued last April. The will issued early October. will bring in the rants than $25 and thereafter the not both with registration redemption of small warrants. Secretary Bliss of the state department trade commerce Secretary Van Peterson fund left Lincoln Wednesday Sidney where they attend group meeting bankers to held Thursday. This the fourth group meeting held for the purpose furthering purchase bank receivers' certifiactes. Clark Boldan, carpenter Weeping Water, filed petition bankruptcy Wednesday, giving indebtedness $1,049 assets $155. The only secured claim that Mayme Weeping Water $300. The other principal claims those Thingam Murdock for $254 and Deering Onawa, for $263. The Omaha Council Bluffs street railway company filed railway commission report August, showing that gross from $225,083 1926 $216,083, but that reduced operating penses from The result operations that failed pay fixed by where year ago the red $20,611. Estella Viette filed petition the district court asking that Albert Viette quired to her mainThey were May She that has failed and that the food he for rotten unfit She also claims that she had depend upon her own parents for support. Lois Winter filed suit in the district court divorce from John Mack Winter. They were married at Rifle, Colo., Sept. She charges extreme cruelty and claims that forced live with his parents objected religion. She claims that defendant did not work steadily went to school and she compelled provide for herasks that maiden name of Lois Potter restored. Unloaded of apples. Bring container Jonathans $1.35 25s; Grimes Golden, 95c Northern 25c $1.65 dandy sweet 43c; prices 30c 27c, flour bran shorts nails Peoples 1027 No. The of the Farmers' bank against Margaret Healey and Mary McGerr note scheduled trial in Judge court Wednesday but continued for both that there would undoubtedly in Mary McGerr that she signed the note blank the amount of the note much than she understood that would The court has refused William against Saunders county. which urged that early desired the liabil not included condemna tion. great did advance dispute the Aetna Casualty against the the liability for paying out funds to private the county of Lincoln filed articles day authorized do cording soliciting loan funds real Delos and on filed corporation signed by William others board directors Anna Old company, for on policy the James settled and dismissed attorneys Judge Broady's court Wednesday mornMr. Tangney died on Sept. 1925 and had note in ment some claimed the plaintiff in whose favor the policy drawn that the had been paid promissory note. The company claimed that the indebtedness on the policy greater than the policy void. also that the note not paid maturity. The guaranty fund thru Receiver Brownell of State Bank appealed the court from the by the trict court of Sarpy county the for Ernest Ruff and bank Burr. Huff had number the bank, and claim cut from bank Burr of the president the its claim founded deposit failed bank. The receiver claimed this credit created of kiting erations Papilion which was by the bank and claimed all done good faith and for value received. The Northwestern Public Servcompany Huron, owner several plants Nebraska, gained the approval Wednesday the state railway commission the issuance $870,000 cent bonds, not less than cents the dollar, and 986 shares percent cumulative preferred stock selling not more than The proceeds the are used pay the cost which included plant Platte Center, and for additions and plant and struction progress, dating January The 582 finds that the are sonably for purposes. company had for and surplus for the year ending June 30, 688 and the interest charges, dends preferred and amortization will add $87,500 to the outlay,


Article from Nebraska Daily News-Press, September 23, 1927

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Burr Bank Wants Money at Papillion LINCOLN. Nebr., Sept The guaranty fund commission. through Receiver Brownell of the State Bank of Papillion. appealed to the supreme court Wednesday from the allowance by the district court of Sarpy county of claims against the guaranty fund of $4,598 for Ernest Ruff and $4,900 in favor of the American bank of Burr. Huff had number of transactions with the bank. and his claim was cut from $6,965. The bank at Burr is operated by H. Goerke. a brother of the president of the Papillion bank, and its claim is founded on deposit in the failed bank The receiver claimed that this was fictitious credit and was created out of kiting erations by the Papillion banker. which was denied by the Burr bank and claimed by it to be all done in good faith and for value received. Scouts Visit Barstler. Members of Boy Scout Troop visited secutmaster, County Clerk Arthur Barstler. Wednesday evening Harvey Risk. chairman of the accompanied the Scouts: Mr. Barstler is confined to his home result of broken ankle. sustained several weeks Don't buy "heat circulator without seeing "The Fire Place Radiona" at Ormes Hardware. 9-28


Article from Lincoln Journal Star, February 19, 1930

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GRANTED Half of Applications Are Approved by Pardon Board Slayers Denied Leniency. Half of the inmates of state penal institutions appeared before the board of pardons at its February hearing were successful their pleas for clemency. Petitions thirteen, including two granted, twelve being denied petitions and acone was deferred. Charles Marshall, former cashier the failed state bank Papillion, was commutation to term. and began an Omaha He tenced Oct. 26, 1927 on several forgery appearhis behalf at hearing that evidence not offered the trial modified the against Marshall. declared that the president the bank had handwriting similar that on the forged notes, that the prosecution did not consider this. said that the president of the bank disappeared after its failure, and that Marshall was Des Moines on the day that one the notes was forged. Only of three men who appeared the board seeking sentence on conviction in connection with slayings winning clemency. Harry Lincoln county, to six years on granted months that he had spent in the North Platte Louis Jensen, whose nineteen years the makes next the oldest (Continued on Page