Farmers & Merchants Bank

Bank Information

Episode Type: Suspension → Closure
Bank Type: state
Start Date: March 8, 1934
Location: Weston, Nebraska (41.194, -96.743)

Metadata

Model: gpt-5-mini
Short Digest: f5efb722

Response Measures

None

Description

Article (Mar 8, 1934) refers to E. H. Luikart as receiver of the State Bank of Swedeberg/Swedeburg and filings to compromise indebtedness, indicating the bank was in receivership (closed) rather than merely experiencing a run. No explicit mention of depositor runs or reopening. OCR shows alternate spelling 'Swedeberg' — corrected to Swedeburg (provided).

Events (3)

1. March 8, 1934 Other

Newspaper Excerpt: Order to compromise indebtedness of Herran Anderson for $100. State 19 State Bank of Swedeburg. Order that receiver pay Chas. H. Slana $162.50 for agreed attorney fee in case of Hohl vs Krafka, et al.
Source: newspapers

2. March 8, 1934 Receivership

Newspaper Excerpt: Application of E. H. Luikart receiver State Bank of Swedeberg to compromise indebtedness ... It was approved by depositor's committee.
Source: newspapers

3. March 8, 1934 Suspension

Cause: Government Action
Cause Details: Bank is in receivership (receiver E. H. Luikart) and court filings concern compromising indebtedness; suspension appears to be by appointment of a receiver.
Newspaper Excerpt: Application of E. H. Luikart receiver State Bank of Swedeberg to compromise indebtedness of Edward Ldborg for $400 filed in court.
Source: newspapers

Newspaper Articles (1)

1. March 8, 1934 The News Cedar Bluffs Standard Cedar Bluffs, NE

Article from The News Cedar Bluffs Standard, March 8, 1934

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Article Text

Interesting Items from Wahoo (Wahoo Wasp) County Court Notes Estute of Nellie E. Way, deceased filed for prolute. Petition asks apd:0intment of Frank E. Way as admin istrator. U. F. Galloway, attorney. Estate of Sarah I. Greer, deceased, filed for probate. Hearing set for March 15tn. Petition asks appointment of Gertrude Greer Peterson as administratrix. Joe F. Berggren, attorney. 372 Men Worked On CWA Last Week There were 372 men on the payrolls of the CWA last week and as there was no disbursing officer fully qualifled for the job the men did not receive their checks, Today George Ayres the new di-bursing officer had the checks prepared and signed up for the pay noll which amounted to $3,178.68, The number of men to be drop ped will amount to 20 per cent a week. Wahoo now has 53 and next week they will have a reduction. CWA Auditor Here O. A. Phillips, district field auditor of the CWA and the FERA was in Wahoo Monday checking up on the work of the local county units of the two departments He announced that the CWS had now been consolidated with the owa dopartments and all will now be paid through the same hannel. Women have been employed on the CWS, Interesting Items From The Sheriff Get your license plates now. the Sheriff will start in this week tagging all cars with old plates, John Roubal was arrested by the Sheriffs office and charged with second offense intoxication. He plead julicy before Justice Reader and was sentenced to GO days in County jail. Law Mason, who was charged with embezzlment of $125.00 was arrested by Stoux City Police on February 24. 1934, and returned to Wahoo by Dep uty Sheriff Hagstrom the same day. Mason paid the amount of the money he embezzled, the costs of the case and was released. 4 Weston man was arrested by Sher Iff Mengel Monday night when he was found with his car in the ditch west of Wahoo. He was sentenced to $15.00 fine on the intoxication charge and 30 days in jail for driving an auto intoxicated His driver's license was suspended for one year. Justice Read or pronounced the sentence. Hans Jensen of Blair was arrested by Sheriff Mengel on charge of embezzlement of a small amount of mon cy. He later paid the man he embezzled the money from, and was released. There are now 5 men in the County jail. One is waiting a trial on forg ory charges as he waived prliminary hearing in Justice Court and was bound over to the District Court. Saunders Joins the "1000 Contract" Class Approximately one thousand cornhog contracts had been signed and turned in to the office of the Saun dens County agricultural agent by Thursday, March 1st. This number represents the status of the signup here after the first canvas of about three fourths of the precincts of the County. Committeemen in charge ex pest a total of about 1500 contracts at the dose of the signing schedule. Af ter that date. there will be a few more days opportunity given those who, for solde good reason, have not been able to complete their papers. Filling clerk will be located at several points in the County to take care of these late comers. Over 50,000 contracts now have beer signed in the state according to re ports coming to the state corn-bo administration office at Lincoln. That more than half the corn and hog grow ers will sign the contracts is now defunitely assured. Canvas of the non-signers will be completed here in the county as rap dis as possible for the signing day are over. Temporary precinet com mitteemen will do the clean-up work They will give every corn hog producer a chance to sign the contract if be cares to do S0 They will figure out for each man who has not signe just about what his corn and hog be efit payments would be if he shoul go nito the adjustment program. They weld` emphasize the fact that it takes every one's cooperation to make any undertaking a 100 per cent success. CWA Work Begins At County Fair Grounds One of the new owa projects of Saunders County will center nt the County Fair Grounds. It is estimat vd that the project which will include even different Jobs will cost $2500, This will be entirely for labor. R. O. Johnson, president of the county fair board appointed the foilowing committee to 10ok after the work: E. J. Erickson, Albert Benson and John F. Lubker. The first tusk undertaken will be the cutting down of all the hedge on the west side of the fair grounds. This will then furnish the fence posts to be us. a in constructing a new fence. There is to be a new wire fence around the entire fair grounds and nace track and the board fence from the grand stand is to be extended north 250 feet and south 75 feet, Next week mten will begin taking lown the old south barn which was formerly used for race horses. The Jumber will then be used for the erec tion of a new 4-H Club exhibition hall on the northeast side of the fair grounds. Several new additional rest rooms are to be built. The Agricul bural Hall will be remodeled and the base bail diamond is to be constructed in front of the grand stand. The new I-H building will then be painted as well as others that need painting. Palaters will start soon on the inerlor decorating of the balls at the ourt house. This will be a good inde job and the work will be done y CW A workers. The halls have not een painted for 14 years althou gh they still look very presentable. New Suits In District Court Walter F. Roberts, administrator of be estate of Sophia Safstrom, de ns d. has filed a petition in dist et ourt asking for license to sell the North 1 of Lot 10, 11, and 12 in Blk. 2 in Washoo in order to settle the lebts of said estate. Clyde R. WorIn the matter of the estate of Edand Swabson, deceased. Frances llsrop has filed a petition in di. purt usking the completion of ract for real estate. The contract provides for sale of Lots 4 and east balf of Lot 5 in Blk. 6, Ashland, for $500 with $50 payment and $15 per month until paid. J. C. Bryant, Qtty. Hattic Roubal has filed suit for divorce against John Roubal. five children. Olyde R. Worall. atty. Gust Olson of Wathodo has filed peti tion for divorce against Aprin Olson. They were married in Winnipeg, Dan ada, Sept. 5, 1920. There were no whildren of this marmage, He asks absolute divorce. H. A. Bryant and Chas. H. Hood, attys. Home Finance and Investment Co., have filed petition in district court against William Ketser on $780 chattel note. H. E. Stevens, atty. Philip Walla Jr., et al has filed pe tition against Harry Krause et al on note and interest totalling $2.062.14. District Ceurt Orders State ex-ret vs Farmers & Merch ands Bank, Weston, Receiver ordered to collect stockholders liability and dispense with action against directors. The Lincoln Joint Stock Land bank have filed a petition in equity against Curpls Hackney, et al on a $6800 mort gage on WINEg Sec. 5, 12, 9. Application of E. H. Luikart receiver State Bank of Swedeberg to compromise indebtedness of Edward Ldborg for $400 filed in court. It was approved by depositor's committee. The Walhoo Mutual Loan & Building Association have filed petition of foreclosure against Enock Olson et al on notes and mortgages in three caus as of action, one on the Lot 10 and Si of We Lot 11. Block 83 and S. Lot 4, 5, 0, Block so and lot 10, and S1 lots 11 and 12, Glock 83 all in Wahoo. State VS Weston Bank. Order to compromise indetedness of Herran An derson for $100. State 19 State Bank of Swedeburg. Order that receiver pay Chas. H. Sla na $162.50 for agreed attorney fee in case of Hohl vs Krafka, et al. J. J. Johnson. manager of the Com munity Hospital VS Saunders County Appeal. Defendant County given 10 days in which to file brief and plainI.ff 10 days thereafter to file brief, Moretta D. Oarr VS Elmer Carr. De cree of divorce granted plaintiff.