1.
August 15, 1931
The Lincoln Star
Lincoln, NE
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ANOTHER OMAHA BANK SUSPENDS
Union State Closes But Expects to Reopen Soon.
Aug. 15 (AP) The Union State bank of Omaha pended business today treat all patrons as fairly possible,' officials Plans are being formulated to re-open at an early date. and in the meantime the state department trade and commerce charge On June 30. the time of its last bank had deposits and The Union State bank the fourth Omaha within the past week. The State bank Omaha and the Farmers Merchants bank Benson closed Monday and the South Omaha State bank closed yesterday Statement by Woods. George Woods, state issued statement regarding the Union State bank "The Union State bank of Omaha suspends business today. The partment of trade and taken charge to conserve assets and protect interests Examiner Lau in charge. Horacek president of the bank. states that suspension three other in the durhas unprecedented withdrawals. which could not immediately withstood To treat all patrons fairly as possideemed best to suspend 'Plans are being worked upon to reopen the bank early date.' Reserve According to Joseph Votava, attorney for the there heavy Monday after the State bank but dwindled daily until vesterdav. Then. after closing South Omaha State bank there the another heavy run the was cut below the legal reserve limit State officials later today revealed that resources the four banks closed this week totaled compared total of all Omaha banks.
Governor's Statement An official issued from the office Saturday foresaid that the Union State of Omaha had been taken the state departover ment the quest its officers and directors Horacek was president Jacob Horacek vice president, and Emil cashier The bank had deposits of about million but had experienced
2.
August 15, 1931
Norfolk Daily News
Norfolk, NE
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PLANS BEING MADE TO REOPEN INSTITUTION AT EARLY DATE
Omaha, Aug. by milling excited crowds intent their savings, the leading banks Omaha today ed the regular Saturday closing hour of noon, into the discard and announced they would remain open day satisfy depositors wishing withdraw their' funds. The run on the larger banks started in full fury early today with the that the Union State bank of Omaha had closed "to It was the fourth in Omaha close since Monday. run created by the three previous closings blamed the closing of the Union State bank. All the closed banks were members of the state bank assoWith the announcement that the larger banks were prepared the with plenty of cash on hand. the crowds milling about the thinned little and the tension seemed broken. On June 30, the time of its report, bank deposits It was capitalized $200,000 and had surplus of $40, 000.
The Union State bank is the tourth Omaha bank close within the past week. State Bank Omaha and the Farmers and Merchants Bank of Benson closed Monday and the South Omaha state bank yesterday. George W. Woods, state bank commissioner, issued the following regarding the Union State bank: Union State bank of Omaha suspends business today. The trade and commerce has taken charge conserve asand protect all interests. Lau is in charge. "F. president of the bank, that suspension three other banks in the city dur ing the week has caused an unprecedented which could not be immediately withstood. To treat all patrons fairly possible was deemed best to suspend payments.' "Plans being worked upon to re-open the bank an early date." According Joseph Votava, attorney for the bank, there heavy run Monday after closing the State Bank Omaha, but dwindled daily until yesterday. Then, after closing of the South Omaha State bank, there was another heavy run and the cash reserve was cut below the legal
3.
August 16, 1931
Beatrice Daily Sun
Beatrice, NE
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STATE SUSPENDS
Fourth Institution Affected By Heavy With-
PLAN TO REOPEN AT EARLY DATE
OMAHA, Aug. 15. milling excited crowds intent on withdrawing their savings, the leading banks Omaha today tossed regular Saturday closing hour of noon, into the disand announced they would remain satisfy depositors wishing to withdraw their funds. The run upon the larger banks started in full fury early tothat Union State bank of Omaha had closed "to safeguard deposiIt was the fourth bank in Omaha to close since Monday. With the announcement that the larger banks were prepared meet the with plenty of cash on hand. the crowds milling about the entrances thinned tle and the seemed broken. Union State bank of Omaha pended business today. "to treat all patrons as fairly as officials announced. Plans being early date, and in the the state department of trade in charge. On June time last report, the bank had posits was capitalized at and had surplus of $40,000. Could Not Meet 'Run' The Union State bank the fourth Omaha bank close withthe week. The State bank past Omaha and the Farmers Merchants bank Benson closed Monday and the South Omaha State bank closed yesterday. George W. Woods, state bank issued the following statement regarding the Union State Horacek, president of the bank, states suspension three other banks in the city the week caused an during withdrawal run which could not be immediately withstood. To treat all patrons fairly possible was deembest to suspend payments."
1,000 At Meeting 15 imately persons met here last night for discussion of ways and means of reopening the mers Merchants bank of Benwhich closed last Monday after failure of the State bank of Omaha. Those in the Benson bank voted sign release to allot certain amount of the bank's deposits to be posted for use in building the legal reserve. State officials later today vealed that the the four this week totalas total resources Omaha banks.
H. Rodgers of Lincoln was visitor in the yesterday.
4.
August 18, 1931
The Daily Worker
New York, Chicago, NY
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5 OMAHA BANKS CRASH IN WEEK; OTHERS SHAKEN C.P. Calls on Small Depositors Organize OMAHA, Neb., Aug. 17. - Four banks crashed in one week's time. Two banks crashed Monday, Aug. 10, the State Bank of Omaha and the Farmers and Merchants Bank of Benson. The reason given for the failure was the shrinkage in value of the foreign bonds at the State Bank of Omaha. The Farmers and Merchants Bank reason was having deposits in the State Bank of Omaha. Friday, Aug. 14, the South Omaha State Bank closed and on Saturday, Aug. 15, the Union State Bank closed and the run on three other banks developed to the point where they had to keep open Saturday after their usual closing hours. The presidents of all the banks that have so far crashed are issuing reassuring statements, and yet it is being rumored that the depositors will lose at least 20 to 30 cents on a dollar. This is the biggest bank crash that Omaha has had since 1896. The three other banks of Omaha, the Omaha National, the First National and the U. S. National, are part of the Federal Reserve, and, because of that, the Omaha Clearing House Association is trying to stop runs on these banks, but hundreds of workers are demanding their deposits. In the last week, throughout the state of Iowa, four or five banks have failed and others are said to be very shaky. The Communist Party of Iowa and Nebraska issued a statement Saturday night demanding protection for the workers' deposits and is also demanding that they will be the preferred claims and that they shall be paid in full. Efforts are being made by the Communist Party of Omaha to organize a joint committee of workers who have deposits in the four banks with a committee of the banks where the run is going on at this time. A mass meeting for this purpose is being called for Thursday, Aug. 20, at Jefferson Park of this city. The South Omaha Savings Bank has just failed. This makes three banks in 48 hours. They are trying to stall the run on all the other banks by putting up free lunch counters, where they distribute sandwiches, coffee, pie and lemonade. Many people are standing in front of the crashed banks weeping and lamenting the fact that they have lost their savings.
5.
August 19, 1931
Osmond Republican
Osmond, NE
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SOUTH OMAHA STATE BANK CLOSES DOORS As a result of the continued withdrawals of the deposits of the South Omaha State Bank, this institution last Friday was given over to the Department of Banking at Lincoln. The bank had deposits of over a million dollars of which amount about five hundred thousand dollars was in savings accounts. The closing of two state banks during the past week at Omaha had such a depressing effect on this surviving member operating under a state charter that it could not continue.
6.
August 22, 1931
Lincoln Journal Star
Lincoln, NE
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GOVERNOR APPOINTS RECEIVERS OF BANKS
GEORGE E. HALL TO HAVE STATE BANK OMAHA.
Bryan Says That Efficiency and Not Locality or Politics Control Choice.
Governor Bryan announced apant receivers recently failde pointment the following assiststate banks: George E. Hall, Lincoln, State bank Omaha. Barak, Petersburg, South Omaha State bank. Haase, Norfolk, Farmers Merchants, Benson. W. M. Whalen, Lincoln, First State bank, Reif, Bloomfield, Leigh State Brozek, Chadron, Bruno State Bruno, and bank of Wisda, Ord, Butler County State bank, David City. Ruzicka, Schuyler, Dwight State bank, Dwight. Lincoln, State examiner in charge of Union State bank, Omaha. Secretary Luikart of the department of and ceiver of all state banks and the will as his assistants in liquidating the failed banks under their charge. M. Morrisey, former chief justice, had been appointed for receiver the State Bank of Omaha, Eugene O'Sullivan, attorney for the receiver the South Omaha State bank, Harland Mossman for the Union State and Howard Saxton for the Farmers and Merchants bank of Benson. These attorneys all reside in Omaha. Governor Bryan announcing said policy the of and use the efficient receivers the staff rather than to make local political The appointees are now charge of banks and have shown liquidating for the benefit depositors, said the governor. He stated that he had received letters some petitions in one day written in the interests one but had thought not the best interests the depositors to appoint the man. "These assistant receivers are skilled bankers, said Governor Bryan, "and have their present works so arranged that others can take their places these highly trained men assume duties where.' Most of the attorneys appointed (Continued on Page 5.)
7.
August 22, 1931
The Lincoln Star
Lincoln, NE
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BRYAN APPOINTS BANK RECEIVERS
Experienced Agents Get Preference Over Local Men.
Effort Being Made To Reopen Union State At Omaha.
Instead naming local applicants Omaha acting receivers banks which recently failed in those communities, who have had previous men experience in handling such institutions and shown their ability convert assets into money for the benefit given the for those positions. of nine ppointments agents charge banks have their doors during the weeks Saturday by Governor All those assigned take charge the were chosen from list of men employed for such duty. They E. Hall, Lincoln. State bank of Petersburg. South Omaha State bank, Omaha Haase, Norfolk. Farmers bank, Whalen, Lincoln. First State Dale Bloomfield. Leigh State Brozek Chadron. Bruno State Bruno, Bank of BrainBrainard. County Schuyler. Dwight State Dwight Lau, examiner in charge, Wants Most Efficient Men. important posts and filled men who know need said Governor Bryan. "Having in the the the most utilize and efficient the deparment's staff than banking local people assistant appoint may not prove receivers qualified for the have been in service These men for some and of assets their for to the largest money for requests have come from the to have this that from man apapointed. letters support of from Omaha ticular applicant, and letters and in other behalaf had been received the day believe the before. better fare of the depositors putting trained asserved sistant declared he The B Page
8.
August 22, 1931
Lincoln Journal Star
Lincoln, NE
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Walls GOVERNOR APPOINTS Given Charge Here RECEIVERS OF BANKS
GEORGE E. HALL TO HAVE STATE BANK OMAHA.
Bryan Says That Efficiency and Not Locality or Politics Control Choice.
Governor Bryan announced ant receivers recently failde pointment the following assiststate banks: George Hall, Lincoln, State Omaha. Barak, Petersburg, South Omaha State bank. Haase, Norfolk, Farmers Rev. Mr. Walls, has been Merchants, Benson. W. Whalen, Lincoln, First appointed pastor of First Free Methodist church Lincoln, State bank, Reif, Bloomfield, Leigh comes here Ponca City, Okl. making home 2710 State bank, Brozek, Chadron, Bruno Orchard. Rev. Mr. Walls succeeds Wolcott State bank, Bruno, and bank as pastor Lincoln the latter Brainard, Brainard. Wisda, Ord, Butler County ing to Nebraska City. State bank, David City. Ruzicka, Schuyler, Dwight State bank, Dwight. Law, Lincoln, State aminer in charge of Union State bank, Omaha. Secretary Luikart of the department of trade and commerce ceiver of all failed state banks and the appointees serve his sistants liquidating the failed banks under their charge. M. Morrisey, former chief justice, had previously been appointed attorney for the receiver of the State Bank of Omaha, Eugene O'Sullivan, attorney receiver of the South Omaha State bank, Harland Mossman for the Union State and Howard Saxton for the Farmers and Merchants bank Benson. These attorneys reside in Omaha. Governor Bryan in announcing choice bank said it was the policy of the partment of and commerce use the most efficient receivers on the rather than to make local political The are now assistants new charge of banks and have shown for the benefit depositors, said the governor. He stated that he had received letters some petitions in one day written in the interests man, but he had thought not to the best interests of the depositors to appoint man. "These assistant receivers are skilled bankers, said Governor Bryan, "and have their present works arranged that others take their places and these highly trained men assume duties elsewhere." Most of the attorneys appointed (Continued on Page 5.)
9.
August 23, 1931
Omaha Sunday Bee-News
Omaha, NE
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HALL RECEIVER OF STATE BANK
George E. Hall, Lincoln, former state treasurer, was named assistant receiver of the State Bank of Omaha Saturday by Governor Bryan. Other assistant receivers named for Omaha closed banks are: A. J. Barak, Petersburg, South Omaha State bank; J. E. Haase, Norfolk, Farmers and Merchants bank, Benson; C. A. Lau, Lincoln, state bank examiner, Union State bank. Assistant receivers named for out-state banks are: W. M. Whalen. Lincoln. First State bank of Pleasantdale: L. H. Reff. Bloomfield, Leigh State bank. Leigh: T. J. Brozek. Chadron, Bruno State bank, Bruno, and Brainard State bank at Brainard: J. C. Wisda. Ord, Butler County State bank of David City: E. E. Ruzicka, Schuyler, Dwight State bank of Dwight. The governor said he had ignored scores of requests for political appointments and was naming experienced men as assistant receivers. "In placing these men in charge of the banks named we are transferring them from other receiverships where they have shown utmost efficiency in conserving assets for depositors and winding up affairs of the institutions under their charge,' Bryan said. "The banks relinquished by the men named Saturday have been so organized that they can be handled by other men.' E. H. Luikart, secretary of the department of trade and commerce, is the receiver for all the closed state banks. The assistant receivers will have actual charge of the affairs of the banks.
10.
August 31, 1931
The South Omaha Sun
Omaha, NE
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TANNERGRAMS By Dock
Whoever has the SAY about closing the affairs of the South Omaha State bank should apply the juice and AT Often has year close the affairs of That's too hadn't ought take but few hours to check actual condition of bank. Of course the securities run good, not Dock Tanner and less. What the want depositors to know is about how much they to and also to NOW whatever can legally paid to them. Men in business had ALL their cash that bank are now either forced to close down or borrow money. who had their savings tied up there, though the amounts be small, want whatever they can NOW. These people have no borrowing power, and of them unemployed and could use money nicely. The point want to make to receiver. Delay along only more expense, the amount the depositors might recover. There is no apparent excuse for this matter. The bank is closed and the only thing that can be done NOW is to rush the official and legal formalities and give to the creditors coming them
The mayor of Fremont got bad with the American Legion swearing 40 or 50 licemen to serve while the soldiers were in his town. The chief executive of city, by ning at the mouth can easily his town black eye. The Legion boys are human beings: They like cut up little their annual state and national meetings and all the policemen America can't stop them. When the Legion boys came to Omaha half police force went fishing and the half had as much fun as the visitors. Don't begrudge any man who was in the thick of the World the fact that back whole. Omaha threw the gates wide open to the buddies and all of them had good word for the berg. Don't take life too serious. get good this morning. He popped bump out dime store walking way and gawking the person he collided with was coland weighed around 250 ored can hear her pounds. The yap was jarred speechless. Keep yours.
There only one way get the and and that THE with the that God knows what that
The latest hope sprung by the prohibition that to toss off few are going more million trying to find out how much income tax the then ask the owe, federal rush out and brigade bring them in and prosecute until their liver fails to of would willsome take the chance of being to band of jolly by allowed to the nappers, of owning few mildollars, even temporarily.
Ever to figure out what try you would do with the dough suddenly hooked on few million Some night when you find difficult to figure out what you sleep, would with that much money. to sleep all right fore half spent. asked what chance had to jam the bank receiver record and hold out money. presume the same chance that clerk has in cheat-
11.
September 3, 1931
Papillion Times
Papillion, NE
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Gates Appointed Assistant Bank Receiver
Amos Gates of South Omaha recently appointed assistant receiver of the failed South Omaha State Bank in charge of Barak. He began his new duties this morning Mr. Gates has had long perience banking, having served the Packers and Live Stock Na tional banks good many years. This experience be great value to him helping liquidate affairs of this bank. His the pointment announced by vernor Bryan just few days ago.
12.
November 16, 1931
The South Omaha Sun
Omaha, NE
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EDITORIAL
SALUTE TO A JUDGE UPREME Court Justice Louis Dembitz Brandeis observed his seventy-fifth birthday two days after Armistice Day. It would have been entirely appropriate had the United States supreme court justice been born on November 11th instead of the 13th. Justice Brandeis is a man of peace. He is a Jew! He is a lover of mankind, he is sympathetic and kind. He is an excellent jurist and a good man! With all this, he has, on the supreme court bench, been at times, dissenter. What is a dissenter? A dissenter is according to the dictionary definition, "one who differs,' '-well Justice Brandeis, during his fifteen years on the supreme court bench has differed times, and differed with such wise men as former Chief Justice Taft, Justice Sanford and other brilliant men and jurists-but time has shown that Justice Brandeis was in the main, right in his conclusions. We love a dissenter, (if he is right) All of the American Revolutionists, including George Washington were dissenters -and they were right. Nine black-robed justices face the lawyer who pleads a case before the supreme court. It might be thought by the layman, that the lawyer faces nine black-robed justices but the contrary is true. Justice Brandeis has resecued many a floundering lawyer out of a legal pitfall with a softly worded question. That proves the jurist is human. We pay tribute to this Jew because a tribute is due. He believes in the right of labor, freedom of expression, the liberties of citizens, and does not favor graft in corporate activities-what more would one desire in a justice of the highest court in the land? We pay little attention to the United States Supreme Court or the black robed jurists who sit upon it, yet it is one of the most important branches of the government as our government affects the individual. It is this court which has the final word on the interpretation of our national constitution and our national constitution is nothing more or less than the document which directs the private ad public acts of the individual. It is for this reason that we would bring the personality of at least one of the members of the supreme court closer to the individual reader.
Governor Bryan made a happy choice for the depositors when he selected Anton Barek to take charge of the affairs of the closed South Omaha State bank. Mr. Barek has had a wide banking experience and is rapidly whipping the affairs of the bank into such shape that an early liquidation seems very likely. We congratulate the governor upon his choice.
13.
November 18, 1931
Lincoln Journal Star
Lincoln, NE
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M'GURK WITNESS FOR SELF
President of South Omaha Bank $15,000 Be longed to Him OMAHA (UP). The preliminary hearing of John S. McGurk president of the failed South Omaha State bank was continued in Police Judge Neble's court with McGurk testifying in his own McGurk said the he alleged to have right fully belonged him. He the money when Mrs. paid an note, he said. short previously the bank's directors crossed this off to and loss and ruled that should ever be paid was to be divided among the stockholders. When the note was paid Gurk owned 87 percent of the stock and Clair Goddard the maining 13 percent McGurk said he took 87 percent the $15,000 and gave Goddard the balance. Presentation testiexpected to Wednesday's seasion of court.
14.
November 18, 1931
Lincoln Journal Star
Lincoln, NE
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WITNESS FOR SELF
President of South Omaha Bank Says Be longed to Him
The preliminary hearing John S. president the failed South Omaha State bank in Police Judge Neble's court with McGurk his defense. McGurk that the $15,000 he alleged to rightfully belonged to him. He the Mrs. Elsie money Thomas paid an overdue note, he said. short time previously the bank's board of directors crossed this account off to profit and loss and ruled that should be paid was to be divided among the stockholders. When the note was paid McGurk owned percent the stock and Clair Goddard the remaining 13 percent. said he took percent of the $15,000 gave Goddard the balance. Presentation defense testiexpected practically Wednesday's of the court.
15.
December 19, 1931
Omaha World-Herald
Omaha, NE
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Partial Payment to Depositors in South Side Bank
Payment of a 15 per cent dividend. to depositors in the failed South Omaha State bank soon after January District Judge Dineen application of the state Claims totaling $708,453 have been Included among the which have been approved and on which further hearing will be held next March are two carried on the books under the names "G. H. Kube" "George Koll.' One savings account for $8,016 and the other a checking account for $3,033. George Kubik, racketeer, who was murdered recently, made claim these shortly after the bank failed it said, but further proof of identification of these accounts will be required by the department before they are allowed. There are also some four hundred savings totaling approximately 22 thousand which are being challenged. These are said to have been under plan free pen and pencil set was given with each with tificates in $3 and $5 amounts if the accounts ed to $50 or one hundred dollars by the end of the contends that these deposits made in lation the which prohibits bank any inducement other than the lawful rate of interest for deposits.
16.
January 16, 1932
The Omaha Morning Bee-News
Omaha, NE
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M'GURK AGENT CASE SLAIN CLOSES,
Final Pleas on Embezzlement Charges Heard by Record Crowd; 'Proof Flimsy' jury was deliberating Friday night on the embezziement charge against John S. McGurk, president of the closed South Omaha State bank, who for five days has been on trialsbefore District Judge Fred Wright in connection with alleged misapplication Instructions completed and the jury Final pleas of defense and state record the afternoon the ended contrast oratory from County Attorney Henry Beal and McGuire. CHARGE PROOF more choked charged the state case to flimsy proof upon crucisatisfy the for victim. He characterized the complaint attempt inflate entry Beal replied that hate this prosecution. been played golf with him friendliest of terms, but the charge felt necessary not brought on technicallity. could escaped. Beal told the jury that the only basis which the jury verdict will be decided question intent shown McGurk in his appropriation money from the payment made by Mrs. Elsie O. Thomas, 3523 Harney street. 'CONCEDE MISTAKE'
"The state has all its proof show you that McGurk knew state banking officials would allow him declare under financial ditions his bank that time. obtain per cent chose this get profit. He knew the note Only clever banker could negotiated the transaction." Arguments for conviction by Deputy County Attorney Crawford for acquittal Defense Attorney Clint Brome consumed morning after final motion for directed verdict denied Judge Wright the testimony state will concede mistake made the the bank meeting of 1930.' Crawford "We ask conviction of any man But the contention of state McGurk planned transactions leading conver$15,000 from the Thomas note with full knowledge that the note was about paid. ATTACKS CHARGES
Defense counsel, in final pleadings, broached attack against the state charges. Both attorneys stressed the absence proof that McGurk had displayed willful intent to defraud his bank.
17.
January 16, 1932
York News-Times
York, NE
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DIVIDEND PAYMENTS vidend payments in the amount were announced today for depositors failed state banks. The the Dwight State bank, at Dwight, Neb., were granted 35 per cent dividend from liquidation of bank assets, amounting to Depositors of the South Omaha State bank were given per cent dividend amounting to
18.
January 23, 1932
Omaha World-Herald
Omaha, NE
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VINSONHALER NAMED RECEIVER FOR DRAKE
Appointment Is Made After Two Groups in Clash.
M. Vinsonhaler was Duncan named receiver Robert the bridge against Drake, bankruptcy was whom petition filed by order of Judge Friday His fixed at five thousand bond was dollars. followed disThe appointment between two groups of "Omaha group ask creditors, the the of Frank ing appointment Sheehan, of the attorneys for and the members the Red Oak" group, which filed the bankruptcy action, asking the pointment someone who had had no connection with the The name of Herbert Daniel, trustee the Peters Trust liquidafirst suggested by them. The "Omaha" group said creditors hold more than half-million dollars worth of trade acceptances and other paper the Drake enterprise. The "Red Oak" group, four of whom brought the bankruptcy tion, opposed Sheehan's appointment the grounds that he said to favor reorga of the Drake properties, in co-operation with Mr Drake. It Through," Drake. George M. Tunison, attorney for the "Omaha" groups, said one Mr. Drake had agreed to the appointment receiver without the customary proofs of bankruptcy. fight it through," Drake said reporters Friday He was seated automobilemodel of about front his modest home at 2539 Capitol think can pull his voice hard Hard work. Work day pull. and night. But that's nothing new. guess I'd have done the thing this hadn't come Hard That's all know He would discuss the issutrade acceptances, the principal point raised by the Most the paper of Drake's enterprises state banks before the bankruptcy petition filed. to H. Luikart, secretary of the state department of trade and commerce. believe there is not more than 15 thousand worth left the going state banks.' he said "Bank Woods has worked hard on the matter for the past year, gotten about 200 dollars worth of the paper taken The South Omaha State bank receiver has of Drake paper, after deduction of reported at office. Of this, $9,261 backed by what considered good security The Omaha receiver has of Drake paper, net, of which Most of the Drake paper. trade and assigned against ous held by small investors, to Mr Donovan. Most of it, he is indorsed by the Bridge company, the parent of which Mr Drake is the sole although some was issued through subsidiaries. The paper in the Red Oak was issued through the Red Oak Bridge and Iron works which the late Roy Anderson, who ended his life with pistol bullet last Sunday, One Red Oak creditor has claims of 40 thousand dollars, said. believe can prove in court that all these were legal, there was no change of goods involved, said Drake had been issuing trade acceptances for many years people bought them, at slight they considered them gilt-edged securities strong company. Their gality had never come to test.'
19.
April 9, 1932
The Omaha Evening Bee-News
Omaha, NE
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TALKS
William Ritchie candidate the nomination for governor, spoke employes of the Dold Packing Co. and the Cudahy Packing Co. the plants noon Friday. He pledged himself to repeal of code law burden, change bank receivership district courts again handle receiverships and equalization of the realty tax increase assessments of He introduced Dold's Henry master chanic, and Cudahy's Boyle, president of the Douglas County club. Ritchie, assailing pressystem paying anty claims, said depositors closed South Omaha State bank would through this amount make losses throughout the state. Depositors closed likewise, said. valuapipe lines too low and accord with assessments other states, said. packing plants are sessed for meat they have hand, pipe not taxed the lines, said. This deprives the state he asserted Declaring elected abolish bank receiverbureau, Ritchie charged Governor has "political receivers. The governor, recently summoned all bank receivers Lincoln for "school of campaigning The receivers, he continued, travel the expense of depositors. challenged Governor Bryan's claim construction. The governor, Mr. Ritchie said, economy only through the general reduction in prices materials and by work laborers hours Ritchie spoke at Fremont Friday
20.
April 9, 1932
The Omaha Morning Bee-News
Omaha, NE
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RITCHIE TALKS PACKERS
William Ritchie jr., candidate for the Democratic nomination for spoke to employes of the Dold Packing Co. and the Cudahy Packing Co. at the plants at noon He pledged himself to repeal of the code law as burden, to change in the bank receivership law that district courts again will handle receiverships and to equalization of the realty tax to of pipe lines. He was introduced at Dold's by Henry Schroeder, master mechanic, and at Cudahy's by B. Boyle, president of the Douglas County Ritchie-for club. Mr Ritchie assailing the present system of paying bank guaranty elaims. said depositors in the closed South Omaha State bank would lose $50,000 through pay. ment of this amount to make up for losses throughout the state Depositors in other closed Omaha banks will suffer likewise, he said. Nebraska's assessment valua tion of pipe lines is too low and not in accord with assessments in other states. he said. Whereas packing plants are assessed for meat they have on hand. pipe line are not taxed on the contents of the lines. he said This deprives the state of much revenue he asserted Declaring that he is elected he will abolish the bank receiver ship bureau, Mr. Ritchie charged that Governor Bryan has built "political army' of receivers. The governor, he charged recently summoned all bank receivers to Lincoln for "school of campaigning The receivers, he continued. travel at the expense of depositors. He challenged Governor Bryan's claim to saving in road construction. The governor. Mr. Ritchie said, effected economy only through the general reduction in prices of materials and by permitting contractors work laborers 12 to hours day Ritchie spoke at Fremont Fri day