13115. Hazard State Bank (Hazard, NE)

Bank Information

Episode Type
Suspension → Closure
Bank Type
state
Start Date
January 5, 1934
Location
Hazard, Nebraska (41.091, -99.079)

Metadata

Model
gpt-5-mini
Short Digest
5a7b139b

Response Measures

None

Description

Multiple articles (Jan–May 1934) state Hazard State Bank was in receivership and listed as '(receiver)' when RFC loans authorized. No article describes a depositor run prior to suspension; the bank was placed in receivership (closure).

Events (2)

1. January 5, 1934 Receivership
Newspaper Excerpt
The Hazard Bank went into receivership
Source
newspapers
2. May 4, 1934 Other
Newspaper Excerpt
Hazard State bank (receiver) $15,000; listed among Nebraska banks authorized RFC loans
Source
newspapers

Newspaper Articles (7)

Article from The Ravenna News, January 5, 1934

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awaited the coming of the army, the the Jack Hoage was killed auto accident Johnstown, Neb. tendered his resignation night watch. John McDonald suf fered burns when steam flu burst his locomotive west of Anselmo. The Hazard Bank went into receivership and Ed married. Kate Smith passed thru Ravenna train men went to work the paving. In October the football season opened, wheat registration names published, the railroad business started boom caused by new covery 'Hub' Boswell promised to be star with the University football team, and state meeting was held the Pritschau farm. The pheasant opened and closed, and the SecurState bank building sold to Love. The delinquent tax list the biggest years. and contests took front place, though drop in railroad fares also news. November found business still booming under the national recovery plan. Arsdale and Oseka won Buffalo and Sherman county husking contests. Mr and Mrs. Bert Ponath killed in auto wreck, the third "husband and death the year R. Ball appointed Ferd Thompson, Frank Svanda, as night watchmen. 2000 men asked for the irrigation project, and Business drive was announced by Ravenna merchants. The football team lost their first in three years to Kearney, December found another Red Cross drive successful, inch rain broke two month drouth, Hubert Boswell was picked on the second Big Six honor team, and the city petitioned the CWA for $6000 for use building City hall, and for buildairport here. Christmas found business definitely better than last and the spirits of the year, ple much improved.


Article from The Lincoln Star, May 4, 1934

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bank (receiver) $10,000: Duncan State bank (receiver) $53,250; State Bank of Elkhorn (receiver) $25,800; Wallace National bank of Exeter $60,000; Hazard State bank (re-


Article from Lincoln Journal Star, May 4, 1934

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NEBRASKA BANKS Advances Authorized for Eight in the State. WASHINGTON. (AP). Jesse H. Jones, the tion Finance said report RFC January that eight Nebraska banks had been authorized loans. The report showed the ration had authorized to banks, buildand loans associations, insurcompanies, agricultural credit corporations, loan panies federal land banks. The Omaha federal land bank was thorized borrow millions month, and the Regional Agricultural Credit poration at Sioux totaled Nebraska bank loans authorized State bank (receiv$15,400; Creighton National (receiver), $10,000; Duncan State (receiver), $53,250; State Bank Elkhorn (receiver), $60,000; Hazard State Platte County Platte Center (reand State bank (receiver),


Article from The Omaha Evening Bee-News, May 4, 1934

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REVEAL LOANS TO EIGHT BANKS May H. Jones, chairman of the n Corp., said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling The Omaha Federal Land bank was authorized to borrow million dollars during the month, and loans to the Regional Agricultural Credit Corp at Sioux City totaled Nebraska bank loans authorized were: Clatonia State bank ceiver) $15,400; Creighton Na. tional bank (receiver) $10,000; Duncan State bank (receiver) $53,250: State Bank of Elkhorn (receiver) $25,800; Wallace National Bank of Exeter, $60,000; Hazard State bank (receiver) $15,000; Platte County Bank of Platte Center (receiver) $36. 900, and Rockville State bank (receiver)


Article from The Omaha Morning Bee-News, May 4, 1934

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Eight Nebraska WASHINGTON, May Jesse H. Jones, chairman of the Corp., said in his report of RFC operations January that eight Nebraska banks had been authorized loans. The report showed that the corporation authorized loans taling The OmaFederal Land bank authorized borrow million dollars during the month, loans the Regional Agricultural Credit Corp. Sioux City totaled Nebraska bank loans authorized were: Clatonia bank ceiver) $15,400; Creighton tional bank (receiver) Duncan State bank (receiver) $53,250; State Bank Elkhorn (receiver) Wallace tional of Exeter, $60,000; Hazard State bank (receiver) Platte County Bank Platte Center (receiver) 900, and Rockville State bank (receiver) $25,800.


Article from The West Nebraska Register, May 13, 1934

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NEBRASKA DIGEST Allotment Is Exhausted Columbus. Work on federal emergency relief projects in Platte county has been suspended on order of State Emergency Relief Director Randall Biart, who said that that country's allotment was exhausted. Biart has indicated County Director Mrs. E. Q. Johnson that Platte county's allotments hereafter will be eliminated or very drastically reduced, as he believes Platte county's funds are in such shape as to permit the county to meet its relief needs without federal assistance. Members of the county relief committee hold a different view and plans were being made here to send a committee to Lincoln to attempt to secure continuation of federal aid. Scores Violations The Federal Relief committee for Hall county, at is meeting in Grand Island last week, suspended two local grocery stores from the list for period of 30 days, the reason being certain irregularities which have been detected in the handling of orders. All stores handling federal relief orders are warned that no deviation from the printed list of permissible items will be tolerated. Any other violations discovered by the committee will be dealt with severely. Associations Formed Lincoln. Arthur Bowring, Merriman rancher and author of Nebraska's 4-cent gasoline tax, said last week he has organized 20 strong county units of the Nebraska Good Roads association and expects to have 40 organized by the end of this month. Each county, Bowring said, is keeping its own membership fees, planning its own county program and endeavoring to stimulate interest in a good roads program. Check Wheat Contracts Central City.- make final check on wheat contracted to the government on the wheat reduction plan, six men were appointed by the wheat allotment committee. These men will measure the contracted acres and those that are not contracted to see that the farmer has not violated his contract in using the idle land for unsanctioned purposes, that he has reduced at least 15 per cent, and also that he does not have less than 54 per cent less wheat in acres than he had in the average of the last three years. After the selection is made, one of the men will be appointed chief field man and will attend meeting at David City May 10 for all chief checkers. On his return he, with the assistance of R. A. Stewart, agricultural agent, will in turn inform the other five men of their obligations in regard to checking The remaining last payment will be made in a few weeks. Raise Two Million Trout Crawford.-A record hatch of trout has been raised this year at the federal fish hatchery here. Nearly all of the 2,000,000 trout and large number of warm water fish will be used to stock Nebraska streams and lakes. Others will go to nearby lakes. Pheasants Migrate of pheasants have appeared on the highlands between the Elkhorn river and Eagle creek, in northern Holt county, where only a few of the birds existed before. It is lieved that the game birds came from drought-strick areas of South Dakota in search of feed and a new home. Steal Windmill Greeley.-Sheriff Art Weber last week reported the theft of a windmill from the Herman Claybough ranch, ten miles north of Greeley. A block and tackle were used to remove the heavy motor and fan from the tower. Banks Get Loans Washington.- Jesse H. Jones, chairman of the Reconstruction Finance corporation, said in his report of RFC operations for January that eight Nebraska banks had been authorized loans. The report showed that the corporation had authorized loans totaling $95,378,300.06. The Omaha Federal Land bank was authorized to borrow $8,000,000 in the month, and loans to the Regional Agricultural Credit corporation at Sioux City totaled $1,288,908.61. Nebraska bank loans authorized were: Clatonia State bank (receiver), $15,400; Creighton National bank (receiver), $10,000; Duncan State bank (receiver), $53,250; State bank of Elkhorn (receiver), $25,800; Wallace National bank of Exeter, $60,000; Hazard State bank (receiver). $15,000; Platte County bank of Platte Center (receiver), $36,900, and Rockville State bank (receiver), $25,800. Merged Bank Opens Red Cloud. the first time since the national banking holiday Red Cloud had an unrestricted bank. The merger of the People's bank with the Webster County bank has been completed and the consolidated institution opened for business this week. Capital stock is $50,000 and officers are: W. A. Sherwood, president; S. R. Florence, vice president; C. M. Sherwood, cashier; P. S. Sherwood and Miss Retta McDowell, assistant cashiers. Income Tax Increases Omaha.- The number of income tax returns by Nebraskans in 1932 rose 3,001 over the 1931 figure, according to an announcement in Washington. Total returns in 1931 were 24,540. The 1932 total was 27,541. Iowa returns increased from 31,495 to 45,477. South Dakota showed a decrease from 8,163 to 7,200. Drainage Verdict Won Lincoln.- $70,000 judgment obtained by James Mooney and other farmers at the lower end of drainage district one in Richardson county against the district itself was allowed to stand last week by the Nebraska supreme court without further argument. It denied rehearing requested by the district. The action was taken only a few hours before a scheduled compromise meeting at Falls City, which was then called off. The district had volunteered to spend $70,000 on widening and deepening the Nemaha river channel, as the judgment directed, but asked that the farmers waive any further damage claims. Approve Loans Omaha. to co-operatives amounting to $176.550 have been approved by the Omaha Bank for co-operatives, Jerry H. Mason, bank president reports. Mason said commitments have been made on 19 loans and that loans actually paid on May totalled 8 for $62, 100. The Omaha Federal Land bank reported that 2,100 loans were made through the bank and the commissioner's office in April for a total of $6,841,400. Pave Highway 75 Omaha. The unpaved highway between the south end of the Platte river bridge and the end of the paving leading north from Plattsmouth on highway 75 has been re-located and is now being made ready for hard surfacing The new route runs directly southeast from the bridge to connect with the paving. A viaduct, nearly finished, will carry the road over the railroad tracks to the south. The highway is elevated considerably from the surrounding land, to prevent flooding. Paving of the same highway north of Falls City is under way and by the end of the summer there will be a continuous paved highway from Omaha to Kansas, according to state highway department officials.


Article from The People's Standard, June 21, 1934

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SUPERVISORS PROCEEDINGS Loup City, Nebraska, June 12th, 1934. The County Board of Supervisors of Sherman County, Nebrsaka, met pursuant to udjournment of May 23, 1934, with all members present; also W. H. Line, County Attorney, and Ronald F. Rowe, County Clerk. The minutes of the meeting of May 8, 1934, were read and upon motion approved as read. A delegation appeared before the Board and requested that Sherman County cooperate with Buffalo County in the improvement of County Road No. 11 of Sherman County, to make a complete graveled road to the City of Ravenna, and the Board after discussion voted to place one inch graveled surface on said road running north from the Buffalo County line approximately 1/2 mile. The County Board having attended meeting at O'Neill, Nebr., on Wednesday, June 6th, 1934, for the purpose of adjusting the amount of County funds that will be expended in the future for re-employment and relief as compared with the amount of Federal funds that will be allowed Sherman County, and It appearing from the information on file that Sherman Counbe unable to meet the requirements of the federal government as explained by Rowland C. Haynes, Director, the Board voted that the County Clerk meet with J. E. Woods, Director for Nebraska, on Thursday, June 14th, 1934, and endeavor to procure an adjustment of allotments to be made. The Consent Road petition of Glen Fletcher and other was presented praying for the establishment of a road as follows, to-wit: Commencing at the Southwest corner of the Southwest Quanter (SW) of Section Twentyone (21), Township Sixteen (16) North, Range Fourteen (14), Sherman County, Nebraska, running thence south on the section line between Sections (28) and Twentynine (29) and Thirty-two (32) and Thirty-three (33) said township and range, and terminating at the Southwest corner of Section (33), Township Sixteen (16) North, Range Fourteen (14), West, and it appearing that said road is public necessity and that all the land owners have signed said petition, the Board voted to allow said road, and ordered said road platted and recorded as prayed. The Board voted to place drop light in the boiler room of the Court House, and also a new electric fixture on the second floor in the corridor, and voted to purchase same from C. J. Domgard for the sum of $10.35. It appearing that the government is furnishing grasshopper poison free of charge necessary for the protection of crops, which is distributed W. J. Steven, Agricultural Agent, the Board voted to deliver all poison bran on hand belonging to the County to said Agricultural Agent for distribution free of charge. The matter of bids on bridges for an annual contract was discussed, and the Board ordered that the County Clerk advertise for bids as required by law, specifying 24 ft. wood pile and stringer bridge to erected on County Road No. 3, approximately twentyfive rods north of the south line of Section 5-15-14, said bids to be considered at 2:00 M. on July 10, 1934. The Board upon motion adjourned to Friday. June 15, 1934, at A. M. RONALD F. ROWE, County Clerk. Houp City, Nebraska, June 12, 1934. The Board Supervisors of Sherman County Nebraska, met as a Board of provided by law. with the following members present: S. S. Ignowski, Chairman, Chas. Quartz, Pon C. Holmes, L. N. Bly, Wm. Jaeschke. Pete Berzina, John F. Roberts, W H. Simpson, and Ronald F. Rowe. The Board proceeded to equalize values In the several subdivisions the country, and ordered that the follow reductions be made: Reduce improvements on the NE% $75.00. 1-15-14 Remove improvements Lot 9, Block 6. Orig Town of Hazard $180.00. Reduce value of land Lots S and 9, Black 26, Rockville $150.00. to P. M. Board met at M. with all memThe following protest of S. A. Nosal was To the Board of Equalization of Sherman County, Nebraska. Gentlemen: hereby protest against the assessed valuation of the improvements on the Southwest Quarter of Section 1, Township 13, Range 15. in the name of Joseph Psota, for the reason that said improvements are assessed lower than improvements on surrounding land, and request that the value of said improvements be increased in the sum of $100.00. Very truly yours, S. Nosal. After discussion the Board ordered that the County Clerk notify said Joseph Psota to appear and show cause why the valuation of the improvements above described should not be raised. and fixed P. M., Tuesday, June 12th, 1934, as the time for hearing. The tax protest of Arthur C. Myers asking for reduction in the valuation of all of Section 5-13-14 was considered and the Board voted to allow said reduction. This time having been fixed for hearing on increasing the value of improvements on the Southwest Quarter of Sec. 1-13-15, and the owner, Joseph W. Psota have been he those now in use, and that a permanhaving failed to appear, the Board vot- ent record be kept of all keys issued. ed to raise the value of said improve- Board adjourned to P. M. ments in the sum of $100.00 Board met at M. with all memThe tax protest of S. A. Nosal on bers present. the improvements on the Southwest To avoid confusion in the future, the Quarter of Sec. consid- Board voted to adopt Roberts rules of ered and the Board voted to reduce order in the conduct of all business besame in the sum of 100.00. fore the County Board. Board adjourned to June 13, 1934, at The Board voted to permit George 9 o'clock A. M. Slote to file a claim for damages on Board met June 13, 1934, with all the Slote road. members present. Bly reported that Mrs. C. O. WagProtests on file of Anna Nystrom, et goner had replaced Mrs. Sickels in caral, and Adam Kieborz were considered ing for the Holcomb family, and the and the Board voted to reduce the East Board voted that she be allowed the Half of Section 6-14-16 in the sum of sum of $3.25 per week. $460.00, and the NW% of See. A check of Clay township in the sum NE% of Sec. 5-13-16, and NENW% of of $9.60 for old bridge plank was prein the sum of $1720.00. sented, approved and ordered credited The Board adjorned to M. to the County Bridge fund. Board met at M. with all mem- A hearing was held for the Mayor bers present. and City council of Loup City and The tax protests of Henry F. Brown said, Mayor and city council voted to and of Maggie Garstka were consider- levy 50 mill for poor and re-employed and allowed as follows: ment relief for the ensuing year. Reduce improvements on part of N The Board after discussion ordered 3-14-16 in sum of $425.00. that the County Clerk notify each VilReduce improvements on Lot 7, Block lage in the county to have a represen9, O. T. Ashton, $100.00. tative present at 10 o'clock A. M. on The Board adjourned to June 14, June 16, 1934, for the purpose of furth1934, at 9 o'clock A. M. er discussion of relief matters. The Board met June 14, 1934, with Board adjourned to June 16, 1934, at all members present. nine o'clock A. M. Protests on file of John Eurek, et al, Board met June 16, 1934, with all and Chas. Quartz were considered and members present. the Board voted to allow the following A representative from each of the reductions: villages, Hazard, Rockville, Ashton and NE% & SWNW & NE%NW% & Litchfield, being present, the matter of part of SW½, & SW% of 29-16-15, relief was thoroughly discussed, and $200.00. each of the representatives present inLot and NW%NW% of Sec. 28-16- dicated that they would either make 15, in the sum of $140.00. levy 50 mill in 1934 for such relief Board adjourned to M. or transfer the equivalent of that Board met at M. with all mem- mount from other sources. bers present. In the resolution adopted Friday, Protests on file of the Department of June 15th, 1934, prohibiting meetings Bank, Receiver of Hazard State Bank, in the Court House and grounds, the by M. McGrew, Asst. to Receiver, Board voted that committee be apwere considered and reductions allow- pointed for the purpose of authorizing ed as follows: any public meeting to be held in the Improvements on E 50 ft. Lot 1, Court House, and the chairman apBlock 11, O. T. Hazard, $200.00. pointed Ignowski, Berzina, and Holmes. Improvements on S½ Lot 5, Block Roberts reported that he had auth20, O. T. Rockville, $200.00. orized house rent for the Dot Hughes Board of Equalization on motion ad- family, beginning June 1, 1934, in the journed to August 10, at 9 o'clock A. sum of $6.00 per month, payable to M. Joe Wiseman. (Seal) Ronald F. Rowe, County Clerk. The Board voted to discontinue rent Loup City, Nebraska, for the C. M. Johnson family to Mrs. June 15, 1934. Hennis of Litchfield, as of June 1, The Board of Supervisors of Sher- 1934. man County, Nebraska, met pursuant Harry McDonald and Frank Caddy, to adjournment of June 12. 1934, with representing the Farm Holiday Assoall members present; also, W. H. Line, clation, appeared before the Board and County Attorney, and Ronald F. Rowe, requested that they be permitted to County Clerk. hold meeting in the Court House on A committee appeared before the this date, and after a hearing was Board and requested that some action granted, and after discussion by the be taken to prohibit reoccurence of Board, the Board voted unanimously the roit had at the Court House on to deny the request. Thursday, June 14. 1934, and after dis- W. Steven, Agricultural Agent, excussion by the Board, the following plained to the Board that it would be, resolution was presented: necessary for the County to pay the exRESOLUTION pense of handling May, grain, and feed WHEREAS, It has been the practise for drouth relief, and the Board voted of the County Board of Supervisors of to authorize a charge of five cents per Sherman County, Nebraska, hereto- bale for handling hay. and ten cents fore to permit the of the Sherman per bag on grain including storage, to County Court House and grounds for the Brown Grain Company, said Compublic meetings regardless of the pur- pany to file their claim on the first poses for which such meetings were day of each month. held, and RESOLUTION WHEREAS, it appears to this Board WHEREAS the County Board of that there have been many public meet- Supervisors of Sherman County, Nebings held in the Sherman County Court raska has been advised by representaHouse under the auspices of the Farm tives of the Fidelity and Deposit ComHoliday Association, the Young Com- pany of Maryland that it will be necmunists League, Congress, essary for the County Board to adopt The Communistic Party of the United a resolution authorizing the County States of America, the Unemployed Treasurer of said County to deposit in Council and other organizations affil- the banks of said County, funds up to lated with working under the Third one hundred per cent of the value of International of Moscow, which said bonds in escrow to protect said demeetings were secret and not open to posits, and, the public, and WHEREAS Sec. 77-2508 of the ComWHEREAS, If has been the practice piled Statutes of Nebraska for 1929 of said organizations to import agita- provides that when the County Treas tors and speakers, which has resulted urer desires to deposit in the banks of in public disturbances, which to this the County in excess of fifty per cent Board appears to be un-American and of the paid up capital stock and sur should not be supported by the citi- plus of all of the banks in such Counzens and tuxpayers of Sherman Coun- ty, may with the consent of the Coun ty Board, deposit an amount in excess ty, NOW, THEREFORE, BE IT RESOLVED by the County Board of Supervisors of Sherman County, Nebraska, in regular session this 15th day of June 1934, that from and after this date, said above described organizations, shell be prohibited the use of the Sherman County Court House and grounds for meeting, and Be IT FURTHER RESOLVED, that any other organization which is un-American, or imports paid agitators or otherwise, shall be prohibted the use of the Court House and grounds from and after this date, and BE IT FURTHER RESOLVED, that this order shall not apply to any farm organization which is for the welfare of the farmers, workers, and taxpayers of said county, and that any orderly conducted meeting may be held in said Court House upon application to a committee of the County Board of Sherman County provided outside speakers are not imported for unlawful purposes. BE IT FURTHER RESOLVED that this order shall not apply to any employee or department of federal, state, or county government, or affiliated organizations working thereunder BE IT FURTHER RESOLVED, that the County Attorney and Sheriff be instructed to take any action necessary to enforce this order. The foregoing resolution was upon motion adopted by a unanimous vote of the Board. The Board ordered that the Mayor and City council of Loup City appear before the Board at 2:00 P. M. with reference to drouth relief. The Board ordered that the County Clerk place an order for new locks for outside doors of the Court House, and that said new locks be substituted for thereof but not exceeding the captial stock and surplus in any one bank. NOW, THEREFORE, be it resolved by the County Board of Supervisors of Sherman County, Nebraska in regular session this 16th day of June, 1934. that the County Treasurer be, and he hereby is, authorized to deposit up to one hundred per cent of the value of all bonds in escrow for the protection of county deposits and in any amount not to exceed one hundred per cent of the paid up capital stock and surplus of any such bank. The foregoing resolution was presented and adopted by an unanimous vote of the Board. An application for a dance license of Alvin Spotanski was and laid over until July 10, 1934, for the reason that that the payment for same bad not been made to the County Treasurer as required by law. W. H. Bauman, of Grand Island. having informed the Board that they were ready to proceed with the construction of State Highway No. 58 on the proposed location in Section 5-1313, the Board ordered that the road committee meet Wednesday, June 20, 1934, and proceed to purchase necessary right-of-way. A receipt of County Treasurer show ing payment to him by M. Henry of $4.20 for unclaimed witness fees, was presented, approved and ordered credited to the County General fund. F. Grow, County Treasurer, appeared before the Board and explain ed that he had a surplus of cash on hand for which the County does not have legal depository, and the Board voted unanimonsly to authorize the purchase of Liberty Bonds with such surplus funds. The following resolution was pre- sented and motion adopted by an unanimous vote of the Board: RESOLUTION WHEREAS there have been numerous requests for the payment of crow bounty by the County Board of Supervisors of Sherman County, Nebraska, and, WHEREAS the Sherman County Board has heretofore discontinued the payment of bounty on crows for the reason that counties surrounding Sherman County did not pay such bounty, and, WHEREAS it is the opinion of this Board that a statewide crow bounty should mandatory in order that any of the counties of the state may derive benefit by the payment of such bounty. NOW, THEREFORE, be it resolved by the County Board of Supervisors of Sherman County, Nebraska, in regular session this 16th day of June, 1934, that the representatives and senators from this district be informed that it is the request of this Board that payment of crow bounties be made mandatory by said Legislature at the regular session to be held in January, 1935. The County Board discussed the agreement they had signed with the FERA at O'Neill, Nebraska, on Wednesday, June 6, 1934, and voted unanimously to approve same subject to changes by the relief Director of Nebraska. The Board voted unanimously to allow $10.00 per month to Don C. Holmes for house rent for Chris Sinner family, as of June 1, 1934. The Board voted to approve the Road committee's report with reference to the construction and relocation of County Road No. 3, as a drouth relief project, the County to furnish necessary drainage structures from County funds. The following claims were upon motion allowed as audited by the claims committee, and the County Clerk ordered to write warrants for same on the several funds after making deductions for delinquent personal taxes: GENERAL FUND Don Holmes, Supervisor & ml 49.80 Steve Ignowski, Same 27.20 John F. Roberts, Same 52.00 Wm. Jaeschke, Same 38.50 Bly, Same 35.00 Chas. Quartz, Same 47.90 Pete Berzina, Same 52.70 W. H. Simpson, Salary Co. Assessor 450.00 Barney Gappa, Salary Pet. Assessor 125.50 John Weehler, Same 90.30 Alonzo Quartz, Same 165.00 Harley McCall, Same 147.50 O. G. Hunt, Same 105.00 Jos. Lubash, Same 242.98 Wm. P. Kuhl, Same 151.55 0. L. Hansen, Same 150.00 H. Cole, Same 231.00 J. Stobbe, Same 225.00 H. E. Mosgrove, Same 197.50 Mike Cronin, Same 110.87 James Same 101.14