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DECISION UPHELD LINCOLN, Dec. 30 The claim of John Mansfield for $6,000 against the state guaranty fund for funds he lost in the failed Farmers State bank of Culbertson. Nebr., was up held by the supreme court today The bank's receiver turned the Gaim down alleging Mansfield was receiving an excessive rate of interest.
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FAILED TO PROVE CLAIMS Banker's Wife Loses the Home She Turned Over to Make Good Shortage. Mrs. Mary S. Winklemann, wife of H. W. Winklemann, cashier of failed Farmers State bank of Culbertson, lost out in supreme coure Friday in her lawsuit with the state deposit guaranty fund. Before was closed the cashier was found to be short $23,480. and an effort was made to save the bank. As Winklemann and his wife told the story, he was to turn over all of his assets to the bank, including a life insurance policy and his home, worth $7,500. which was in his wife's name. She said that D. W. McCallum. large stockholder, was to put in $10,000 to make the bank whole again. The bank failed and the husband went to prison year charge of embezzlement. The deed to the home was treated by the guaranty fund commission as a mortgage, and foreclosure begun. The defended on the ground that the consideration by McCallum was that she was to have $7,500 of the frozen assets of the bank. The receiver said he knew nothing of this and not party to it, and McCallum denied having made any such agreement. The court says that the wife was mistaken in her belief that this was promised, and finds that the evidence does not substantiate her claim.
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FAILED TO PROVE CLAIMS Banker's Wife Loses the Home She Turned Over to Make Good the Shortage. Mrs. Mary S. Winklemann, wife of H. W. Winklemann, cashier of the failed Farmers State bank of Culbertson, lost out in supreme court Friday in her lawsuit with the state deposit guaranty fund. Before it was closed the cashier was found to be short $23,480, and an effort was made to save the bank. As Winklemann and his wife told the story, he was to turn over all of his assets to the bank, including life insurance policy and his home, worth $7,500, which was in his wife's name. She said that D. W. McCallum, large stockholder, was to put in $10,000 to make the bank whole The bank failed and the husband went prison for year on charge of embezzlement. The deed to the home was treated by the guaranty fund commission as mortgage, and foreclosure begun. The wife defended on the ground that the consideration promised by McCallum was that she was to have $7,500 of the frozen assets of the bank. The receiver said he knew nothing of this and was not party to it, and McCallum denied having made any such agreement. court says that the wife was mistaken in her belief that this was promised and finds that the evidence does substantiate her claim.Lincoln Journal.
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NOTICE OF SHERIFF'S SALE 'tate of Nebraska, Notice is hereby given that by virtue of an order of sale issued by the "erk of the District Court of Hitchock County, Nebraska, in an action wherein Van E. Peterson, Receiver of the Farmers State Bank, of Culberton, Nebraska, is plaintiff and Henry W. Winkelman, also known as H. W Winkelman, and Mary S. Winkelman Defendants: I will, at the hour of 2:00 o'clock P. M., on the 27th. day of Septemb 1926, at the front door of the Court House of Hitchcock County, Nebraska in the Village of Trenton, Nebraska offer for sale at Public Auction, the following described lands, to-wit: Lots 244, 245, and 246, in the Villag of Culbertson, Hitchcock County. Ne braska. Said sale will be for cash and will be held open one hour as provided by law. Given under by hand this 24th. day of August, 1926. RUSH CAMPBELL, Sheriff of Hitchcock County, Nebraska. (Published Aug. 26, Sept. 2-9-16-23.)