Article Text
Farmers' State Banks At Hadar and Hoskins Closed By Examiner Lincoln, May 3.-(Special.)Bank closings are becoming ordinary occurences. T. J. McGuire, special investigator for Attorney General C. A. Davis, returned to Lincoln today from Hadar and Hoskins, Neb., where he closed the Farmers' State banks in both towns. The two towns are only a few miles apart. Herbert H. Barge, cashier of the Hoskins bank, pleaded guilty to defalcations and entered the state prison at Lincoln yesterday. B. N. Saunders of Norfolk has been aupointed receiver for the bank. Before leaving, McGuire stated that preparations were under way for prosecution of William Lefferdink, cashier of the Hadar bank. Barge has a wife and two children. Lefferdink has a wife and one child. "Is the present financial crisis responsible for so much trouble in banks?" McGuire was asked. "Yes to some extent, but general cussedness is responsible for most of it," he said.
