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NEBRASKA NEWS HEARING ASKED FAILED BANK Pawnee County People Want to Know About First State. (Special to The Star.) PAWNEE CITY, Neb., April open investigation in Pawnee City of affairs of the former First State bank of this city was asked this week by 53 petitioners who represented about one-fourth of the bank's deposits. The petition was presented to A. C. Shallenberger in Lincoln Wednesday by B. Arnot of Pawnee City, one of the depositors. Date of the investigation be fixed by and will probably be the latter part of next week. The First State bank passed into hands of the state banking commission over two years ago. It was operated by state department ficers for two years One of the last chapters in the bank's history was written here two weeks ago with sale by the bank's receiver real estate assets of the bank, mostly in Pawnee "People of Pawnee county. said Mr Arnot on his return from an interview with Mr. Shallenberger, in charge of failed state banks' audits, "will pay in taxes their share of the fund appropriated by the legislature to investigate falled state banks, and thought more than right that depositors in the bank here should have a report on what auditors found in their investigations. Arnot was assured by Shallenberger that representative of the state department would attend the hearing on the audit in Pawnee City as by the petitioners. Many of the depositors have reconciled themselv to what they believe to be loss of their deposits, on which only small percentage has been paid. Frequent criticism of the conduct of the bank under state department, recalled now by filing of the petition, is looked to attract a large crowd to the hearing in Pawnee City.
