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BANKS CLOSE IN PANHANDLE TOWNS LINCOLN, Dec. 15. closing state banks at Sidney and at Lindsay was announced today by the state department of trade and commerce. The Liberty State bank of Sidney was taken by State Examiner Richard It capitalized for $25,000; had $25,000 surplus and deposits of about The Farmers' Merchants' bank of Lindsay taken over by VirLee. for $500 surplus, and posits of about $125,000.
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BANK AT SIDNEY CLOSES DOORS Neb., Dec. 15. The Liberty State bank of Sidney, second largest bank in this territory, failed open its doors for business today. A sign door read: Due deflation and due. to adverse conditions affecting the communities in which this bank carried on its business withdrawals of deposits, the board of directors have placed its affairs in the hands state department of trade and commerce. The banks statement showed deposits of $365,345.
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NO DEVELOPMENTS IN BANKING AFFAIRS HERE Although the doors of the Liberty State bank have been open all week, no definite progress has been made in the liquidation of affairs. A committee of ten depositors has been submitted to the banking department, according to request from that department. It was stated that some developments might take place over the week end.
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Reopening of Sidney Bank Is Predicted by Cashier, Have Money There is strong possibility that the Liberty State bank of Sidney might be reopened with new capital, official personnel directorate, stated by Marius Christensen, sistant cashier, who left recently for Lincoln confer with the state banking Responsible men have volunteered the capital and intimated that only the the state banking is needed bring about reorganization. Men close to the nation state that the department ors throwing the bank into receiverThe bank closed December 14.
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INTERESTING NEWS ITEMS FROM WESTERN NEBRASKA IN CONDINSED FORM The real estate of the American Bank at Mitchell was sold at public auction Friday afternoon. Mrs. Trintje Miller, 87, a pioneer resident of Cheyenne county, died last Thursday evening at her home in the Weyerts district, 13 miles southeast of Dalton. Among the postmasters in this section who have recently received reappointments are Clyde Leach at Bayard: Fred H. Carlson at Alliance, and Samuel H. Wolfe at Lodgepole. All have been confirmed by the senate. Champions of the Denver walkathan contest staged recently at Lakeside park, who danced to new world record of 2,861 hours with virtually no rest, will appear on the stage at the Fox theatre in Sidney Thursday night. Robert E. Stitts, a Lyman farmer, disappeared from his home and family, was absent over a week and as mysteriously reappeared, no explanation being given as to his whereabouts. A general search for him had been conducted by the county officials on request of his family. E. H. Luikart has been appointed receiver of the defunct Liberty State bank at Sidney. The appointment was made recently by District Judge J. L Tewell. The appointment defeats the plan of depositors to have Marius Christensen, former assistant cashier of the bank, named receiver. Pointing to reduced incomes, lessened living costs and slow tax collections, the Scotts Bluff County Taxpayers' league, at board meeting Friday evening adopted a resolution asking school districts to reduce expenses to a minimum and offering the services of the league to aid in realizing this objective. Lincoln-Eldridge Scriven of Mitchell suffered painful burns about the hands Saturday afternoon when the valve of a radiator which he was repairing at the Acacia fraternity house, broke. Scriven, who is member of the fraternity, was working in an upstairs room and was forced to hold his hands over the break to prevent the hot water from flooding the room. Lincoin day in Bridgeport was featured by a real old fashioned republican rally. The meeting took place at the court house on Friday
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Luikart Named Receiver of the Sidney Bank E. H. Luikart has been appointed receiver of the defunct Liberty State bank. The appoint_ ment was made recently by Dis. trict Judge J. L. Tewell, reports the Sidney Telegraph. The appointment defeats the plan of depositors to have Marius Christensen, former assistant cashier of the bank, named receiver However, the banking department has a rigid ruling against the selection of local men for the position and the request of depositors that this ruling be waived was ignored because of the existing regulations. Although the department fre_ quently has requests from depostors of failed banks, asking that a certain local man be placed in charge of affairs, it has been found through experience that the plan does not work satisfactorily in the liquidation of assets. Any receiver named to a failed bank works in harmony with the depositors committee, the depart_ ment points out, and the absolute enforcement of payments due the bank not often demanded URless sanctioned by the committee Mr. and Mrs. Orville Spaulding of near Douglas, Wyoming stop. ped in Bridgeport the first of the week to visit relatives and friends after returning from Grand Island. where they had been called by the death of Mrs. J. H. Daggy.
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Bank Dividends Paid: $18,247 or 3%, Elgin State Bank depositors, this totals $66,908 or 11%. $6,039 or 15% State Bank of Swedeburg, this totals $16,104 or 40%. $9,394 or 4.75%, Nebraska State Bank Humboldt, this totals $137,942 or 69.75%. $8,992 or 10%, German American State Bank of Chalco, this totals or 45%. The West Point National Bank received first 15% or nearly $100,000. A dividend in the sum of $47,952 was paid the depositors of the failed Security State Bank of Neligh. This was the first payment since the bank closed and amounted to 20% of the deposits. A dividend of $4,706 or 3 per cent was paid to the depositors of the Silver Creek State Bank which totals $17,257 or 11 per cent. $7,192 in dividends was paid depositors in the Farmers State Bank of Petersburg. This is 3 per cent of the remaining accounts. Payments now total $46,752 or 19 per cent. $29,159.61 or 20%, Liberty State Bank Sidney, 1st payment. Ruskin State Bank closed June 17. Deposits about $100,000.00. The Nebraska State Bank, Bristow, Nebr., reopened June 18 with capital stock of $15,000.00. The bank suspended March 9th, 1932.
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MUCH WHEAT Drouth and Wind Destroying Crop in the West. KIMBALL Neb. (AP). Because of winds and dry weather, farmers estimate that not more than 20 percent of the winter wheat Kimball, Cheyenne Deuel counties this will survive the winter. moisture has fallen since September, and high winds have materially damaged the sprouting grain point where the bulk the planthas already With this huge abandonment an unusually spring planting season in prospect. Cheyenne county, which five years ago duced five million bushels ter wheat single season, in 1933 to harvest million bushels, farmers claim. Much their will be replaced wheat, corn and barley spring are able finance farmers reseeding in the spring. Marketing grain and livestock practically standstill this section, and most farm families are working out existence thru the sale of produce. Corn is worth only twenty hundred and practically no market there Farmers the wheat for barley. say storage will be held indefinitely in unless better prices are offered. Banks are finding difficult to collect mortgages, and number foreclosures have resulted. Several farmers who gave notes defunct Liberty bank Sidney been sold public auction, the proceeds being nominal.