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South Omaha Bank Closes Its Doors OMAHA, Aug. South Omaha State bank. with capand deposits mately $1,000,000 has been turned over the dpartment trade comliquidation, was here night. The South Omaha bank the third Omaha bank close the past week. The State Bank Omaha closed Monday. "Freczing" of the Farmers and Merchants Benson. suburb Omaha, the State Bank of Omaha, forced the Benson bank to close.
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OMAHA BANK TURNED OVER TO THE STATE DEPARTMENT OMAHA, Aug. 14. South Omaha State bank, with authorized capital of $100,000 and deposits of approximately $1,000,000, has been turned over the state department trade and commerce for liquidation, was announced here last night.
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in Union State Last Institution Suspend iness CAPITAL OF $200,000 Deposits Over the Heavy Withdrawals Closing Three Other Banks Cause for Crash. Omaha, and excited crowds intent on their savings, the leadbanks Omaha today tossed the regular Saturday closing hour of noon, discard would remain open throughout the day satisfy depositors wishing withdraw their funds. The upon the banks started full fury today with that the Union State Bank Omaha had closed safeguard depositors." the fourth bank Omaha to close since Monday created by the three previous closing blamed for closing Union State bank the closbanks members of the State Bank With the announcement that the larger banks were prepared meet plenty cash hand, crowds milling about entrances thinned little and the tension seemed broken. Aug Union State Bank Omaha suspended today treat all patrons fairly possible, officials being re-open early date, and the state department trade and commerce On June the time of its last the bank deposits of capitalized $200,and had surplus of $40,000. Union State bank the fourth Omaha bank close within the past State Bank of Omaha and the Bank and the South Omaha closed yesterday. Aid Depositors George bank issued the following regarding Union State Union State Bank Omaha business The partment trade and commerce charge assets protect interests. Examiner charge president of the bank three banks the city during the could patrons fairly possible deemed payments being worked upon bank early According Joseph attorney the there Monday after closing State Bank Omaha, but withdaily until closing of the South Omaha State bank, there another the cash reserve below the legal
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DISCUSS WAYS TO REOPEN BANK Omaha, Aug. mately last night for means of reopening the Farmers and Merchants bank Benson, which closed Monday after failure the State Bank Omaha Those interested in Benson bank voted sign release committee allow certain amount of the bank's deposits to be posted in building up the legal institution closing of the South Omaha State bank Thursday marked the from of three Omaha banks within week. The three had deposits nearly four and half million lars.
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IS ALL WELL? State bank of Dwight the BrainState bank of the Bruno State bank of Bruno the Butler of David City and the Leigh State bank of Leigh Bryan and Luikart said officers of the banks decided to close them so that all would have a 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 and that the other five had funds on deposit with the Union State bank of Omaha which also closed last week
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SIX NEBRASKA BANKS FAIL OPEN DOORS Lincoln, .Aug. 17, Nebraska state banks today failed to open their doors for business and both Governor 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 000. The banks are 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 Butler State bank of David City, and the Leigh State bank of Leigh. Bryan and Luikart said officers of the banks decided to close them so that all of the depositors would have greater chance of sharing equally in the banks' funds. They said the Leigh State had greater chance of sharing equally in the banks' funds. They said the Leigh Sate bank had it reserve 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. OFFICERS, DEPOSITS: Officers and deposits of the six suspended banks as announced by the governor: First State of Pleasant Dale, deposits about $140,000; F. Horacek, president; L. A. Horacek, cashier. Dwight State bank, deposits about $180,000; J. Novak, president; G. J. Tomes, cashier. Brainard State bank, deposits about $280,000; C. J. Davis, president; Fred C. Sennin, vice president; J. A. Proskovec, cashier. Bruno State bank, deposits about $140,000; Rohn, presiTomek, vice president; A. V. Rohn, cashier. Butler County State bank, deposits about $180,000; Joseph Shramek, president; Peter Meysenberg, vice president; R. Havelka, cashier. Leigh State bank, deposits about $200,000; F. Vlach, president; W. A. Vlach, acting vice president; E. M. Nelson, cashier.
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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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SMALL BANKS FAIL TO OPEN MONDAY Pleasant Dale, Dwight, Brainard, Bruno, David City and Lincoln, Aug. 17. small Nebraska banks failed open for business today Gov. Charles W. Bryan and E. 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 $1,180,000. 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: Butler County bank of David City, and the Leigh State Bank of Leigh. Omaha Closings Cause Others 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 bunds. They said the Leigh State bank had its reserve funds deposited in the South Omaha State bank, which closlast week and that the other five banks that funds on deposit with the Union State Bank of Omaha, which also closed last week.
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BANKRUPTCY IS FILED AGAINST J. S. McGURK Omaha, Dec. 14, (AP)-State Bank Receiver E. H. Luikart has filed a bankruptcy petition in federal court here against John S. McGuirk, former president of the closed South Omaha State bank and now engaged in the insurance business Chicago. Luikart declares he holds proveable claim against McGurk for more than $87,000 in the form of a judgment awarded by the Douglas county district court on McGurk's double liability as a stockholder in the bank. The petition alleges that Mc Gurk's committed an act of bank ruptcy by conveying by deeds six pieces of Omaha property to his foster father, W. A. Wells of David City, Neb., and Mrs. Wells. McGurk was recently held for trial in district court on a charge of embezzlement of $15,000 of the bank's funds.
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TAKES Former President of Failed South Omaha Bank Own Witness. OMAHA. (UP). John former president failed South Omaha State bank, charged with $23,000 took witness stand own defense. McGurk vigorously defended action accepting percent $23,000 loan by Elsie Thomas, that the voted to him by the bank's board of had given hopes collecting directors, added, practically commanded George state bankcharge profit altho Gurk state officials believed Thomas would pay. short time after the and the Claire Goddard, the only that Thomas the bank and full, he before coming had acted official in and he had vested the South Omaha State Thru error, brought the books that of the Thomas been collected. should have read instead McGurk testified.
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Bank Receivers Sue for $22,598 on Notes Suit to collect $22,598 as principal and interest on two notes given in 1931 to the South Omaha State bank was begun Monday afternoon in district court against Joe Lapidus, 865 South Sixtieth street, by bank receivers. The suit contends Lapidus had represented his assets at $166,000 in statements given the bank in 1930 and failed to reveal any change when applying a year later for the bank loans.
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State News Items of Interest Out of 353 cases tried in federal district courts in Nebraska during 1931, 258 convictions were obtained. The cost of the actions was $182,000. Of nearly $30,000 assessed in fines and judgments only $11,000 has been collected. Members of the citizens committee of ten are circulating petitions at Norfolk urging the city council to call a special election to let citizens decide whether they want to install a municipal electric light and power pant for Norfolk. Dividends totaling $326,751 were paid depositors of 16 failed state banks in Nebraska during January, the department of trade and commerce announced Monday. Payments were from liquidation of assets. The largest amount disbursed was $106,197 to depositors of the South Omaha State bank. It was a 15 per cent dividend. Temperatures even as low as 18 below zero will not necessarily eliminate grasshoppers in northern Nebraska, according D. K. Whelan, assistant professor of entomology at the University of Nebraska. Whelan pointed out that above ground temperatures rarely penetrate to a depth in the soil where grasshopper eggs rest prior to hatching. Jame A. Sheffield, Lancaster county assessor, recently said valuation of Lancaster county farm lands may be year for taxation purposes. "Through a system equalizing downward we hope to arrive at an average assessment on the 514,605 acres of rural lands that will be $3 an acre lower than the present figure," Sheffield said. The first trail from Omaha to Decatur, and the site of the first log schoolhouse in the vicinity of Blair is to be marked by Nikumi chapter, D. A. R., of Blair, in the spring. For several years this chapter, of which Mrs. W. W. Wilkinson is regent, has been raising a fund for this purpose. The base for the marker is now ready to place, and an unusually large and beautiful boulder has been secured, on which a bronze plate with a suitable inscription will be attached. With 4,071 students formerly reg istered to enter their second semester classes that started recently, University of Nebraska officials predicted that the student decrease this semester will be about 350 more than in normal year. Authorities pleased that delay in the payment of fees by those who had registered early was not much greater that last year. Early reports showed that 450 had delayed paying their fees as compared with 416 for the second semester. From the estate of Robert J. Kilpatrick, pioneer Beatrice railroad contractor, the State of Nebraska has received inheritance tax, State Tax Commissioner W. H. Smith announced recently. The estate was given a gross valuation of $919,117, and a net worth of $758,385.99. The sum of $12,210 was paid as county inheritance tax, and $6,400 went to the federal government. Joseph M. Kilpatrick, John S. Elliott and Fulton Jack are the executors. Appeal for additional contributions to a fund to purchase feed grain for preservation of Nebraska game birds was made recently by Secretary Frank O'Connell, of the game forestation and parks commission. The continued snows and cold weather have made it impossible for pheasants, prairie chickens and other game birds to secure feed from natural sources, the commissioner states. Heavy loss of birds is anticipated unless much feed can be purchased and distributed, he said. The largest suspension bridge of its kind in the world is being constructed north of Ponca, extending across the Missouri river into South Dakota. A span, almost a half mile in length, will carry the pipe at a height of 66 feet above high water mark. Two towers, one on each side of the river, will extend 160 feet above the water level, and a cable, weighing 28 tons will be stretched across. The cable will be anchored on either end by means of large concrete blocks. On the Nebraska side of the river the tower foundation will go down to a depth of 46 feet, 0-feet of this into solid rock. On the South Dakota side the foundation must go down 54 feet and will rest on 60-foot piles. The pipe itself will be hung from the main cable and will be held in position every 20 feet. This bridge is being built by a gas company at an estimated cost of 150 thousand dollars. The pipe has been anchored to the river bottom and weighted down. Nebraska's 1932 potato acreage will be approximately the same as the acreage for 1931, according to estimates by the state and federal div ision of agricultural statistics. Carlot shipments of potatoes from Nebraska have reached 5,600 cars to date this season, as compared to 6,850 cars in the corresponding period a year ago. Total shipments year ago were 9,160 cars, the highest on record. Potato acreage for the United States are expected to show a decrease this year of 2 per cent as compared to last year.
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M'GURK IS ACQUITTED Second Trial Frees Former South Omaha Banker OMAHA. (P). John S. McGurk, former president the failed South Omaha State and now man, acquitted by district court jury of charges that approximately $15,000 of the bank' fund at the time it closed. The jury dehours. trial ended with the jury deadAuthorities charged McGurk with $15.000 paid on note which had previously been charged off by tors as bad paper. Counsel for the banker contended the note had been questioned by the state department examiners had ordered charged off
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FILINGS Large V Johnson mo & brfs applnt for rehear Prud Ins Co V Nethaway brfs applee Kline V Dept Pub Wks brfs applnts Clarke V State brfs plff in err Larabee y Larabee stip in re brfs McRae V Mercury Ins Co same Martell St Bk V Peterson same State on rel Todd V Thomas same Lyons V Austin brfs applnts Green V Gardner stip in re brfs Mangiameli V Ariano same Crespin Wilcox same Lin Rd Equip Co V Bolton same Stroud V Payne applic for permission to orally argue mo for rehear Peterson V Cosmo Old Line Life Ins Co mo & brfs applnt for rehear Chapman V Person stip in re brfs Thomas V Haspel mo applee to req add supersedeas bond or to dism app St ex rel Spillman V Fst St Bk Pawnee City mo & brfs applnts for rehear Bnkrs Life Ins Co V Prebyl sug dim & mo applnts for lv to supply Joyce Lbr Co V Anderson stip for ext rule day Murphy V Metro Utilities Dist stip in re brfs In re est Hoagland, Shotwell V Fst Nat Bk Omaha stip in re brfs Olson V City Wahoo mo & brfs applnt for rehear Anderson V Lotman mo & brfs applnt for rehear St ex rel Sorensen V So Om St Bk brfs applee Co Greeley V Fst Nat Bk Cozad brfs applnts Landgren Bolton B of X Joyce V Tobin brf applnt In re complt Sloan, Sloan V Fillmore Co brfs applae State ex rel Sorensen V Farmers St Bk Wood River reply brfs E H Luikart rec Green V Fiester mo & stip in re brfs Emerson V Citizens St Bk Thedford brfs applees Citizens St Bk & Jas M McMillan Machurek V Ohio Nat Life Ins Co mo applee for allow atty fees State ex rel Sorensen V Denton St Bk B of X Luikart recvr V Paine brf applnt Thies V Weible brfs applee Cotten gdn V Stolley Jr mo & brf applnt for rehear Fst Trust Co tr V Exch Bk stip in re brfs sug dim & mo for lv to file sup trans & consent Belik V Warsocki stip in re brfs Valley St Bk V Parson same Dworak V Shire same U S Fid & Guar Co V Curry brf applnts
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VERDICT AWARDS $10,000 IN FAVOR BANK RECEIVER OMAHA, Oct 30 Judge Sears today entered rected verdict for $10,541 favor of H. Luikart as for the South Omaha State bank against Foreman, former cashier of the Farmers' State bank Neb. and Joseph Wilson, director of the latter bank. Foreman and Wilson guaranteed payment of for borrowed by their bank from the South Omaha bank. The amount the note was in 1930 stood $7,743. The judgment includes interest Foreman John former president of the South Omaha bank.
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LUIKART WINS SUIT AS BANK RECEIVER Omaha, Oct. 30, (P)-District Judge Sears tolay entered a directed verdict of $10,541 in favor of E. H. Luikart as receiver for the South Omaha State bank against A. A. Foreman, former cashier of the Farmers' State bank of Overton, Neb., and Joseph R. Wilson; a director of the latter bank. Foreman and Wilson guaranteed payment of note for $30,000 borrowed by their bank from the South Omaha bank. The amount of the note was reduced until in 1930 it stood at $7,743. The judgment includes interest charges. Foreman is father-in-law of John S. McGurk, former president of the South Omaha bank.
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UNION STATE BANK OPERATED BY EXAMINER W. Robb, state bank examiner. Thursday morning took over the Union State bank at 19th and Farnam Sts. in what Merle Foster. assistant state banking superintendent at Lincoln, announced was first step to close the bank for final liquidation Foster was quoted by the Assoclated Press as saying part of the bank operating on an unrestricted basis will pay out in full, and that part operating on a restricted basis will be placed in receivership to complete liquidation The bank will continue to be operated by the hanking depart ment until liquidation is completRobb said The bank has $166,000 In new accounts, opened since November 1931, and all money in such accounts will be returned to depositors on demand, Robb said. In August, 1931, the bank was closed. during the same week that the State Bank of Omaha, the Benson State bank and the South Omaha State bank suspended operations. and was re-opened three months later Robb explained the department is seeking to get every state bank out from under restrictions, designed to protect depositors, or to liquidate the banks F. Horacek president of the bank since 1917 said the bank has 500 and that 78 per cent has been paid out on the old accounts number of old depositors, be said have opened accounts The bank is capitalized at
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UNION STATE BANK OPERATED BY EXAMINER Unrestricted Operations Will Pay in Full, Official Says; Final Liquidation Predicted R. W. Robb, state bank examIner, Thursday morning took over the Union State bank at 19th and Farnam Sts., in what Merle Foster. assistant state banking superintendent at Lincoln, announced was first step to close the bank for final liquidation Foster quoted by the Assoclated Press as saying part of the bank operating on an unrestricted basis will pay out in full, and that part operating on a restricted basis will be placed in receivership to complete liquidation. The bank will continue to be operated by the banking department until liquidation is completed. Robb said. The bank has $166,000 in new accounts, opened since November, 1931. and all money in such accounts will be returned to depositors on demand, Robb said. In August, 1931. the bank was closed, during the same week that the State Bank of Omaha. the Benson State bank and the South Omaha State bank suspended operations, and was re-opened three months later. Robb explained the department is seeking to get every state bank out from under restrictions, designed to protect depositors, or to liquidate the banks. F. C. Horacek, president of the bank since 1917. said the bank has 4,500 depositors, and that 78 per cent has been paid out on the old accounts. A number of old depositors, he said, have opened new accounts. The bank is capitalized at $200,000.