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Nebraska Banks Fail to Open Doors LINCOLN 17 (AP) Nebraska state banks today failed doors for their both Gov. Chas. and secretary State said result of recent bank The banks total had deposits banks the First State Bank the Dwight Bank of Dwight; State Bank the Bank Bruno: the Butler County Bank Davis the Leigh State
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SOUTH DAKOTA VISITED BY FOWLER McCORMICK Fowler northwest district manager of the International Co. and member noted for harvesting spending few South Dakota survey farm Tuesday and Cogdell local tional his tour They visited Winner and Martin, and then the Black tour take in all sections of the state. NEBRASKA BANKS CLOSE Aug. Nebraska state banks today failed open doors for The the result of cent bank in Omaha, The six banks had total deposits banks are the State bank Pleasant Dale: the Dwight bank Dwight: Brainard bank of Brainard: Bruno State State bank Bruno: the Butler County bank David City, and the Leigh State bank Leigh Two of the fastest motor have been to the Wales. is said to out Prince for racing records.
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SIX BANKS IN STATE CLOSED Voluntary Action to Protect Public LINCOLN, Aug. 17 state deposits estimaggregate volunclosed doors today The according Gov Charles who spoke for the direct result of the closing the Union State bank Omaha.' Closed today were the following state banking First State Pleasant Dale Dwight State bank, Dwight Brainard Brainard. Bruno State bank. Bruno. Butler County bank, David City. Leigh State Leigh. The closures announced today brought total of 10 the number state banks which have closed their doors within many All of the suspensions were said have brought about the failure last Monday the State Omaha, the subseclosing Omaha's other three uptown state banks. Banking officials expressed belief there be little loss in the closures They was pointed out, and an attempt banking officials to protect their depositors. Officers and financial structure the banks closed today were listed the banking department as follows First State bank. Pleasant deposits president; William Dwight State bank. deposits State deposits Sennin, vice president; Proskovec, Bruno bank. deposits, president: vice president; Roh, cashier Butler County State bank. David deposits $180.000; Joseph Shramek, president: Meysenpresident; R. Havelka, cashier Leigh State Nelson,
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FOUR Reorganization to Be Undertaken and Institutions Will Reopen EXTRA POLICE PATROLING CITY FINANCIAL Word Comes From Nebraska of Closing of Six Banks Four Toledo banks with combined resources more than failed open business this morning, eleven associations ceased payments deposits during the present the request of the four the department their in the face of previous steady Guard Against Trouble City police acting under orders Police Chief Louis Haas, patroled the preparation for any public emerMeanwhile, there pending meeting Mayor Jackson Adjutant General Frank Henderson, Columbus, commanding the Ohio national guard. Sunday night, Mayor Jackwith Safety Director Black Golson Light, commanding the 148th fantry, Ohio national guard. More than 100 rural bankers of Northeastern Ohio, who SunBanks Fulton Charles Saffin, attorney for state department, had. their assurance by state authorities in meeting local problems. Plan Reorganization Late Saturday, directors nounced closing of the Commerce Trust and bank, the Ohio Bank Trust Commercial Bank company Sunday, the these word from rectors of the fourth the bank, bank, would forced to close doors its tied up two of the banks suspending operations. was indicated that conferences to may started within week ten days. Nebraska Banks Close LINCOLN, Nebr. Six Nebraska state banks Monday failed to open their doors for business both Gov. W. Luikart, secretary of the of trade and commerce, said the closings result recent bank suspensions in Omaha. The banks had total deposits banks the First State bank Pleasant Dale, the Dwight State bank of Dwight, Brainard bank of Brainard: the Bruno State bank of Bruno; the Butler County bank of and the Leigh State bank of Leigh.
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Six Banks Fail to Open Doors Nebraska State Bank Closings tributed to Recent Omaha Suspensions Lincoln, Nebraska banks today failed their doors for business Gov. Charles Bryan Luikart, secretary state partment of trade and commerce said the closings were the result recent bank suspensions in Omaha. six banks had total deposits approximately $1,180,000. The banks are the First State bank Dale; the Dwight State bank of Dwight; Brainard State bank of Brainard; the Bruno State bank of Bruno; the Butler County bank of Davis and the Leigh State bank of Leigh.
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SIX SMALL BANKS Lincoln, Neb., Aug. braska state banks today failed open their doors for business and both Governor Charles and Luikart, secretary of the state department of trade and commerce, the closings were the result recent bank suspensions in Omaha six banks had total deposits of approximately $1,120,000. The banks are the First State Bank Pleasant Dale; the Dwight State Bank of Dwight; the Brainard State Bank Brainard: the Bruno State Bank Bruno; the Butler County Bank David City, and the Leigh Bank Leigh. Bryan and Luikart said officials the banks decided to close them that the would have greater chance of sharing equally the banks' funds. They said the Leigh State bank had its reserve funds deposited the South Omaha State bank which closed last week and that the other five banks had funds on deposit with the Union State Bank of Omaha which closed last week. Officers and of the suspended banks by the First State of Pleasant Dale, posits about $140,000; Horacek, cashier. Dwight State bank, deposits about $180,000; Novak, president; Tomes, cashier. Brainard State bank, deposits about $280,000; Davis, president; Fred Sennin, vice president; Proskovec, cashier. Bruno State bank, deposits about Rohn, Tomek, president; Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, Leigh State bank, deposits about with balance. Vlach, Lee Vlach, acting sioner, said that to up the Nelson, cashier. claims
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STATE BANKS FAIL WITH UNION Six Small Banks in Bohe. mian Communities Are Closed as Direct Result. Governor Bryan announced that small state banks morning result the closing of the State Bank of Omaha." Horacek the Union State Omaha. The banks closed Monday were: First State bank, Pleasantdale. Dwight State bank, Dwight. Brainard State bank. Brainard. Bruno State bank, Bruno. Butler State bank. David City. State bank Leigh. The that the officers financial structure these banks are follows: State deposits deposits vice president
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Doors of Half Dozen Banks in Nebraska Closed to Public Lincoln, Neb.-(P)-Six Nebraska state banks Monday failed to open their doors for business and Gov. Charles W. Bryan and E. H. Luikart, secretary of the state department of trade and commerce, said the closings were the result of recent bank suspensions in Omaha. The six banks had total deposits of "approximately $1,120,000. The banks were: The First State bank of Pleasantdale; Dwight State bank of Dwight; Brainard State bank of Brainard; Bruno State bank of Bruno; Butler County bank of Dav. id City, and Leigh State bank, of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all depositors would have greater chance of sharing equally in the banks' funds. They said the Leigh State bank had its funds deposited in the South Omaha State bank, which closed last week, and that the other five banks had funds on deposit with the Union State bank, of Omaha, which also closed last week.
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TO page meeting tomorrow of the citizens' committee recently named by Mayor William Jackson to study the city's unemployment and poor lief problem. OLD STORY Chicago, Aug. Gilruth, receiver for twelve closed banks controlled by John Bain, former member of the South Park board, today issued statement declaring that his sons, and three companies in which Bain was interested the banks more than mostly on notes backed up with collateral State's Attorney John Swanson said "The state's attorney's office will certainly investigate the matter.' IN NEBRASKA Lincoln, Neb., Aug. Six small Nebraska banks failed open business today. Gov. Charles W. Bryan and H. Luiksecretary of the state department of trade and commerce, said the closings were the result of cent bank suspensions in Omaha. The six banks had total deposits approximately They the First State bank of Pleasant Dale: the Dwight State bank Dwight, the Brainard State bank of the Bruno State bank of Bruno, the Butler County bank David City. the Leigh State bank of Leigh. Bryan and Luikart said officers the banks decided to close them that all depositors would have greater chance of sharing equally the banks funds.
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Toledo Houses to Lend Funds to Workmen Continued from First Page. ly long lines of depositors were reported at the First National, the West Toledo National Bank, the Spitzer-Rorick Trust and Savings and the Morris Plan and Industrial banks, two special plan banks. Caring for Poor. The Point Place Bank reported late this afternoon that they were closing for the protection their depositors, and that it could on its loans, practically all of were made after the period of Plans for caring for needy temporarily impoverished by the closing of the banks will be discussed meeting tomorrow of the Citizens recently by Mayor William T Jackson to study the city's and poor relief problem The decision to hold the special meeting was reached Mayor Jackson today. It was pointed out that the closing of the banks. with its resultant slowing up of tax pay. ments. will interfere with the city power to issue bonds to finance poor relief. Nebraska Banks Close. By Associated Press. LINCOLN, NEB., August 17 small Nebraska state banks failed to open for today. Gov. Charles W. Bryan and E. H. Luikart, secretary of the State Department of Trade and Commerce. said the closing were the result of recent bank suspensions in Omaha. The six banks had total deposits of approxi They were the First State Bank of Pleasant Dale, the Dwight State Bank of Dwight, the Brainard State Bank of Brainard, the Bruno State Bank of Bruno, the County Bank of Davis City and the Leigh State Bank of Leigh. Bank of England and the United States Federal Reserve System by which the latter came to the support of the pound later. This took place by low interest rates in New York and later by the Federal Reserve itself tak ing half of the $250,000,000 short term granted the Bank England the Federal Reserve and the Bank of France The Federal Reserve also came to the aid of Austria, Hungary and Germany with short term credits, thus assisting British flnancing in hard -pressed Central Europe. Cannot Repay $250,000,000. It is obvious that the Bank of England not be able to repay the $250,000,000 then it due without endangering the stability of the pound. Hence, Mr. Norman's new task is to obtain co-oper ation in long-term loan for Great Britain. This would enable Great Britain to reimburse the short term loan and also would enable conversion in London of the huge per cent war loan to per cent basis, resulting in saving of interest and lightening Chancellor of the Exchequor Philip Snowden's budget. and make unnecessary taxation of fixed income securities, which British financial fear the MacDonald Government has in mind. Such taxation would cause flight of capital away from the pound and the British credit borrower.
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GOVERNOR APPOINTS RECEIVERS OF BANKS GEORGE E. HALL TO HAVE STATE BANK OMAHA. Bryan Says That Efficiency and Not Locality or Politics Control Choice. Governor Bryan announced apant receivers recently failde pointment the following assiststate banks: George E. Hall, Lincoln, State bank Omaha. Barak, Petersburg, South Omaha State bank. Haase, Norfolk, Farmers Merchants, Benson. W. M. Whalen, Lincoln, First State bank, Reif, Bloomfield, Leigh State Brozek, Chadron, Bruno State Bruno, and bank of Wisda, Ord, Butler County State bank, David City. Ruzicka, Schuyler, Dwight State bank, Dwight. Lincoln, State examiner in charge of Union State bank, Omaha. Secretary Luikart of the department of and ceiver of all state banks and the will as his assistants in liquidating the failed banks under their charge. M. Morrisey, former chief justice, had been appointed for receiver the State Bank of Omaha, Eugene O'Sullivan, attorney for the receiver the South Omaha State bank, Harland Mossman for the Union State and Howard Saxton for the Farmers and Merchants bank of Benson. These attorneys all reside in Omaha. Governor Bryan announcing said policy the of and use the efficient receivers the staff rather than to make local political The appointees are now charge of banks and have shown liquidating for the benefit depositors, said the governor. He stated that he had received letters some petitions in one day written in the interests one but had thought not the best interests the depositors to appoint the man. "These assistant receivers are skilled bankers, said Governor Bryan, "and have their present works so arranged that others can take their places these highly trained men assume duties where.' Most of the attorneys appointed (Continued on Page 5.)
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BRYAN APPOINTS BANK RECEIVERS Experienced Agents Get Preference Over Local Men. Effort Being Made To Reopen Union State At Omaha. Instead naming local applicants Omaha acting receivers banks which recently failed in those communities, who have had previous men experience in handling such institutions and shown their ability convert assets into money for the benefit given the for those positions. of nine ppointments agents charge banks have their doors during the weeks Saturday by Governor All those assigned take charge the were chosen from list of men employed for such duty. They E. Hall, Lincoln. State bank of Petersburg. South Omaha State bank, Omaha Haase, Norfolk. Farmers bank, Whalen, Lincoln. First State Dale Bloomfield. Leigh State Brozek Chadron. Bruno State Bruno, Bank of BrainBrainard. County Schuyler. Dwight State Dwight Lau, examiner in charge, Wants Most Efficient Men. important posts and filled men who know need said Governor Bryan. "Having in the the the most utilize and efficient the deparment's staff than banking local people assistant appoint may not prove receivers qualified for the have been in service These men for some and of assets their for to the largest money for requests have come from the to have this that from man apapointed. letters support of from Omaha ticular applicant, and letters and in other behalaf had been received the day believe the before. better fare of the depositors putting trained asserved sistant declared he The B Page
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HALL RECEIVER OF STATE BANK George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.
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Bank Receivers Named Lincoln, Neb., Aug. 22 LP)-Governor Bryan today announced the appointment of the following assistant receivers for closed state banks outside of Omaha: W. M. Whalen, Lincoln. in charge of First State bank of Pleasant Dale: L. H. Reif, Bloomfield, Leigh State Bank of Leigh: T. Brozek, Chadron, Bruno State Bank of Bruno, and the Brainard State Bank at Brainard: J. C. Wisda of Ord, Butler County State Bank of David City: E. E. Ruzicka, of Schuyler, Dwight State Bank Dwight.
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VETERINARIAN Given to Sick Serum Man but Death Comes Frank Lynch, Suvverkruble, veterinary living near Neb., dead of anthrax. Dorsey, had been given serum but He his condition was very serious from the start. He sick for five days. CLOSED BANK RECEIVERS ARE CHOSEN BY BRYAN Lincoln, Special: Gov. Bryan announced appointment following receivers recently failed state banks:! H. Reif. Bloomfield, Liegh State bank, Leigh: Brozek, Chadron, Bruno State bank, Bruno, and Bank Brainard, Hall, Lincoln, State bank Omaha; Barak, South Omaha State bank; Haase, Norfolk, Farmers Merchants, M. Whalen, Lincoln. First state bank, PleasantButler county state David City: E. Schuyler, Dwight State bank, Dwight: Lad, Lincoln, state examiner in charge of Union bank, Omaha. Secretary Luikart of the 5ment of trade and commerce, receiver all failed state banks and appointees serve his assistants. Gov. Bryan said was the policy of the department trade commerce to use the most efficient on the staff rather than to make political appointments. FLORIDAN ORDERS COYOTES FROM NEBRASKA RESIDENT paper publicity does pay, in the opinion of Edward Winkler. man residing Verno Beach, Fla., dered two baby coyotes from him after reading of coyote captures. According trouble should be experienced in filling the order. TIN CAN POISONING IS FATAL TO SEVERAL PIGS Emmett, D. H. Bennett O'Neill diagnosed affliction that killed several pigs the Guy Beckwith ranch tin poisoning. Buttermilk had been allowed stand several days. Acid forming the milk thought to have corroded the tin.
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DEPOSITORS COMMITTEES SELECTED AT BRUNO AND DWIGHT Meetings of the depositors of the closed banks Bruno and Dwight were held last Saturday. at Bruno in the afternoon and at Dwight in the evening. A depositors comm ittee was selected at each meeting to help the bank receiver in his work The Bruno committee: Dr. Jelinek. James Wittera and Frank Chmelka. The Dwight committee: Dr. Srb, John Hottovy, Sr., James Krenk Joseph Kalina and Albert Mares; Frank Semin, alternate The Ohio Oil Co. drilling outfit is drilling fourth core hole on the nard. The first hole completed was 540 feet deep. the second over 500 feet and the third was down over 200 when hammer was accidently dropped into the hole and they had to abandon it. The fourth hole now down about 500 feet and they intend to go about 400 feet deeper
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DIVIDEND PAYMENTS vidend payments in the amount were announced today for depositors failed state banks. The the Dwight State bank, at Dwight, Neb., were granted 35 per cent dividend from liquidation of bank assets, amounting to Depositors of the South Omaha State bank were given per cent dividend amounting to
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COUNTY SEAT NEWS (Wahoo Wasp) The Saunders County Farm Bureau, through their attorneys, Schiefelbein & Donato, filed an appeal in the district court last Monday in the question of the right to have Farm Bureau bolloted on at the election Tuesday. Judge Landis held a conference Tuesday with the interested parties and the question will go on the ballot. Nellie Barry, as administratrix of the estate of Margaret Barry, has filed suit against Anton Krafka, Edna M. Krafka, Frank Podhaisky, George H. Cronkleton, receiver of the Saunders County National Bank, and E. H. Luikhart, receiver of the Nebraska State Savings Bank for two notes and mortgages for $3000 each. Chas. H. Slama, attorney. E. S. Schiefelbein has filed petition against Leo May et al on taxes on lot 2, block 2, Memphis. Fremont National Bank has filed suit against John Henkens on note of $1200. Inez Pollard Mannbeck has filed a suit against Thomas O. Pollard for an accounting of rents and profits from her farm since October 4, 1924. Petition charges that her grandfather gave her the W 1-2 of SE 1-4 Section 7, 12, 9 on the above date when she was a minor. The defendant, her father, took charge of her property without taking out lei ters of guardianship and has made no accounting. Chas. E. Shotwell and Frank E Childs have filed suit in equity against Clara Ruzicka, minor, above the age of 14 years, et al on Section 16,1 and 21, all in township 16, 9, J. H. Barry, attorney. Decrees Entered. W. H. Sutton vs Herman Bostrom. Decree entered. First and third cause dismissed. Plaintiff's second cause allowed, and cross petition Mary Jane Doom is allowed as second lien and fourth lien allowed plaintiff on SE 1-4 33, 16, 8. Faustin Bor VS Eleanor plaintiff has first lien of $2,134.16, Dwight State Bank receiver has second lien of $2,345, and First National Bank as administrator of Ellen Taylor estate $1391 as third lien. Judgment Given Luther College Judge L. S. Hastings was in Wahoo on Wednesday and handed down a decision in a very important case which was tried in July before the court and taken under advisement. Briefs were prepared by attorneys on both sides and submitted to the court. The case had to do with the bank failures in Wahoo. Emil Benson was treasurer of Luther College and embezzled something around $19,811. This discovery was made when the Citizens State Bank was closed in the spring of 1930. Benson was an officer of the bank also. Luther College sued Benson and American Surety Co., who was his bondsmen, for the full amount of their bond of $10000 The court's entry on the dockets is as follows: Finding generally for plaintiff, and that the plaintiff is entitled to recover from the defendants the sum of $10,000 with 7 per cent interest thereon from Sept. 7, 1930, and an attorney fee for plaintiff's attorney of $700 and costs of suit. Judgment was rendered against both defendants for $10,000 and interest, but the attorney fees are against the American Surety Co., only. Hendricks and Kokjer were attorneys for Luther College. District Court Notes Saunders County Farm Bureau. through their attorneys Schiefelbein and Donato, filed an appeal in the District Court last Monday in the question of the right to have theFarmAgent balloted on at the election next Tuesday. Judge Landis held a conference with the interested parties and the question will go on the ballot. Nellie Barry, as administratrix of the estate of Margaret Barry, deceased, has filed suit against Anton Krafka, Edna M. Krafka, Frank Podhaisky, George C. Cronkelton as receiver of the Saunders County National Bank and E. H. Luikart, receiver of the Nebraska State Savings Bank for two notes and mortgages for $3000 cach. Chas. H. Slama, atty. E. S. Schiefelbein has filed petition against Leo May, et al on taxes on Lot 2, Block 2, Memphis. Fremont National Bank has filed suit against John Henkcns on note of $1200. Inez Pollard Mannbeck has filed suit against Thomas O. Pollard, for an accounting of rents and profits of her farm, since October 4, 1924. Petition harges that her grandfather gave her W1-2 SE1-4, See 7, 12, 9, on above date while she was a minor. The defendant, her father took charge of her property without taking out letters of guardianship and has made no accounting. Chas. E. Shotwell and Frank E. Childs have filed suit in eqmy against Clara Ruzicka, minor, above theage of 14 yrs et al, on Sec. 16, 17, and 21, all in township 16 ,9 J. H. Barry, atty. (Courtright, Sidner, Lee & Gunderson, Attorneys)
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OWES RECEIVER Among unsecured creditors, volbankruptcy petition Frank surance Dwight, Luikart, receiver Dwight State bank, claimant the judgment on petitioner's stock liability. Total debts all unsecured, while assets are listed including $8,000 surance policies. other Ulysses, John Dwight, Philip Novak, Dwight, five notes, Elenora Tomes, three notes,
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SUPREME COURTSNEBRASKA Syllabi LIARCH 1934. The following oponions were filed by the Court 28583. Dillon V. Sears Roebuck Co. Appeal, Douglas. On motion for rehearing Affirmed if Appellee file remittitur of $1,200 within 20 otherwise reversed and remanded. Day. J. Paine, J., dissenting Admission made by party inconsistent with testimony merely to credibility as 2. Where evidence is sufficient to support for for false imprisonment, wether defendant's acts amounted to false imprisonment question of fact for jury Restraint of person is essential to false Such restraint may be by threats as well as by force. if the and conduct are such as to induce reasonable apprehension of fear of injury to person. reputation, or property Principal liable for acts of agents who act of authority in an action for false imprisonment District manager and manager of local store in charge of property and business of act within scope of authority when they investigate or permit investigation of employees as to fidelity and honesty. One who aids or assists in unlawful imprisonment of another is liable as principal. Where corporation contracts with another for purpose of investigating employees and its authorized agents cooperate with and assist employee of contractor an illegal restraint of person, the corporation is liable. 28674 State ex rel Sorensen V. Dwight State Bank (Plum Creek Township In. tervener). Appeal, Butler Affirmed. Chase, District Judge. In order for to become legal under the statute, for township moneys, must make application therefor, and the governing body of the township must take positive action approving such application. Where public are left with a bank by township treasurer without such bank having made application for deposit of such funds, or being designated by the governing body of the township depository, and which are mingled with the general assets of the bank, such assets will be impressed with trust to the extent of any balin favor of the township as against the receiver of the bank.