First National Bank (Plattsmouth, NE)

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Suit Brought by County Treasurer Believed to Have Brought Trouble. Neb., Dec. 14 First bank Plattsmouth, the oldest nancial institutions closed its doors by order the board directors closing to have been the outgrowth of filed Monday district court against by Miss county treasurer, seeking to approximately $20,000 declared county excess the sum protected bond Her states the directors bank failed provide sufficient bond cover this extra placed bank restoration of the the ground that obtained fraudulently upon the bank followed filing of the suit, the closing not until after business hours today The bank, Dovey, in the hands William Wilson, national bank aminer.

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OLD NEBRASKA BANK IS CLOSED

First National Of Plattsmouth In Hands Of Examiner Following Suit.

PLATTSMOUTH, Neb., Dec. 15. (By the Associated Press The First National bank, established 55 years ago, was closed last night by order of the board of directors. William Wilson. national examIner, was placed in charge. The closing followed mild run on the bank and the filing of suit in District court Mia Gering, county treasuer to recover of county funds. H. N. Dovey president of the bank. said he hoped closing would be only temporarily but that "the whole matter is now in the hands of the examiner. The bank was founded in 1871 by Dovey's father, E. G. Dovey The founder's grandson, George O. Dovey is cashier. Total deposits were about $250. 000 with capital stock of $00,000 At the time of the last statement the bank showed a surplus of $25.000. Miss Gering in her suit alleges that the county funds were in extess of the amount of bond furnished by the bank and were only left there as long as they were because of the promise of the bank officials to post additional bond. President Dovey said that the suit Indirect of the closing. as knowledge of the filing was caused to wish to withdraw their funds. They were allowed to remove checking accounts, but time deposits were held.

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PLATTSMOUTH

WILL ONLY BE PORARY SAYS DOVEY, PRESIDENT

Plattsmouth, Neb., Dec. 15. First National Bank, established 55 was closed last years ago, night by order of the board of rectors. William Wilson, national examiner, was placed in charge. closing followed mild run on the bank and the filing of suit in district court by Miss U. Gering, county treasurer, to recover $20,000 of funds. H. Dovey, President of the bank, said he hoped the closing would be only temporary, but that "the whole matter in the hands of the examiner.' The bank was founded in by Dovev's father. Dovey. The founder's grand son, Geo. O. Dovey cashier. Total deposits were about with capital stock of At the time of the last statement the bank surplus of $25,000. Miss Gering, in her suit, alleged that the county funds were in excess of the amount of bond furnished the bank, and were only left there long they were because of the bank officials to post additional bond. President Dovey said that the suit the indirect cause of the closing, as knowledge of the filing was what caused to wish withdraw their funds. They were allowed to remove their checking counts but time deposits were held.

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PLATTSMOUTH BANK CLOSED

57-Year-Old First National in Hands of Examiner; in $20,000 Suit.

Plattsmouth, Neb., Dec. 15.(Special the First National bank of Plattsmouth. one of the oldest financial institutions in Nebraska, were closed Tuesday night by the order of the board of directors. The bank was established in 1869 by E. G. Dovey and has had 57 years of uninterrupted success. It now is in the hands of William Wilson, national bank examiner. according to a notice posted on the door at the closing hour Tuesday

The action of the directors is believed to be an indirect result of a suit filed Monday in district court against the bank by Miss Mia U. Gering, the county treasurer.

Seek $20,000. She seeks to recover about $20,000 of county deposits, which she declares in her petition are in excess of the sum protected by bond. This extra money was placed in the bank on December 2, she alleges, upon the promise of directors of the institution to provide sufficient additional bond to cover it. This was not done, the county treasurer asserts, and her petition asks restoration of the sum on the ground that it was obtained fraudulently

Run Follows. A mild run upon the bank fol lowed the filing of this suit. There was no general effort on the part of depositors to with draw funds, however. and the bank was kept open during the usual business hours on Tuesday Owners of checking accounts were permitted withdraw their funds, but requests for time deposits were refused. When the doors were closed at 4 p. m., the expiration of the usual banking period, sign was hung in the door to announce closing of the doors and assignment of the affairs of the Institution to the national bank examGeorge O. Dovey. grandson of the founder of the bank, is cashier and his father. H. N. Dovey, is one of the officials.

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FIRST NATIONAL BANK CLOSED, PLATTSMOUTH

Mild Run, Following County Suit. Leads Dovey Directors to Ask Examiner Put in Charge.

Special Dispatch The World Herald. Neb., Dec. By order of the directors, the First National bank of Plattsmouth, es tablished fifty five years ago, was closed Tuesday night, and placed in the hands of William Wilson national bank examiner Decision to close followed a mild run on the bank which came in the wake of suit filed in district court by County Treasurer Mia Gering to recover 20 thousand dol lars of county funds, according to H. N. Dovey, bank president "We hope the bank will be closed only temporarily. said Mr Dovey "but the matter is now in the hands of the The bank was founded in 1871 by Mr Dovey's father, E G Dovey Mr. Dovey's son, George O. Dovey is cashier. Other directors E J. Richey. G. Knapp and G. Cole, former attorney Deposits total about 250 thou sand dollars. The capital stock is fifty thousand dollars. The last statement showed a surplus of 25 thousand dollars. Miss Gering in her suit on be half of the county states that the twenty thousand dollars of county funds on deposit is in excess of the amount protected by bond. The money, she alleges, was deposited by her on promise of bank officials that an additional bond would be posted to cover it. The suit was filed December suit, said Mr. Dovey today, "is the indirect cause of the suspension of business, as it brought on the run. Until the doors were closed. the Lank permitted withdrawal of money in checking accounts, but denied this permission to time depositors.

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FIRST NATIONAL BANK CLOSED, PLATTSMOUTH

Mild Run, Following County Suit, Leads Dovey Directors to Ask Examiner Put in Charge.

Special Disputch to The World Herald. Plattsmouth, Neb., Dec. order of the directors, the First National bank of Plattsmouth, established fifty-five years ago, was closed Tuesday night. and placed in the hands of William Wilson, national bank examiner. Decision to close followed a mild run on the bank which came in the wake of suit filed in district court by County Treasurer Mia U. Gering to recover 20 thousand dollars of county funds, according to H. N. Dovey, bank president. "We hope the bank will be closed only temporarily. said Mr. Dovey, "but the matter is now in the hands of the examiner.' The bank was founded in 1871 by Mr. Dovey's father, E. G. Dovey. Mr. Dovey's son, George O. Dovey, is cashier. Other directors are E. J. Richey. G. Knapp and G. Cole, former attorney Deposits total about 250 thou sand dollars. The capital stock is fifty thousand dollars. The last statement showed a surplus of 25 thousand dollars. Miss Gering in her suit on behalf of the county states that the twenty thousand dollars of county funds on deposit is in excess of the amount protected by bond. The money, she alleges, was deposited by her on promise of bank officials that an additional bond would be posted to cover it. The suit was filed December "The suit," said Mr. Dovey today, "is the indirect cause of the suspension of business, as it brought on the run." Until the doors were closed, the tank permitted withdrawal of money in checking accounts, but denied this permission to time depositors.

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CLOSE PLATTSMOUTH BANK

The startling news reached this city, Tuesday, that the First National bank of Plattsmouth, one of the oldest financial institutions of Nebraska, closed its doors late that day by order of the board of directors.

The closing was believed to have been the outgrowth of a suit filed Monday in district court by Miss Mia U. Gering, county treasurer, seeking to recover approximately $20,000 of county deposits, which are in excess of the sum protected by bond. Her petition states the diretors of the bank failed to provide sufficient additional bond to cover this extra money, placed in the bank December 2, as was promised and asks restoration of the sum on the ground that it was obtained fraudulently. A light run upon the bank followed filing of the suit, but the closing did not come until after business hours. The bank established in 1869 by T. G. Dovey, is in the hands of William Wilson, national bank examiner.

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New Receiver for

Fred Buersletta of Lincoln Named as the Official to Handle the Bank Affairs.

From Thursday's The newly appointed receiver of the First National bank this city, Fred Buersletta rived here last night and today taking up the work getting bank affairs shape be handled with closing the bank and making rapidly the claims liabilities of the bank. The receiver of Lincoln and known to large of the local people he univessity with number Plattsmouth people. work checking the bank been looked William Wilson of Omaha, who will getting the bank shape that some idea final sults of known to who have interests closed

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ACCUSED CASHIER WILL LEARN FATE

Judge To Give Decision Wednesday

PLATTSMOUTH, NEB., Feb. H. Duxbury, Cass county, announced today that he will give his decision Wednesday afternoon in the case of the state against George Dovey, cashier of the defunct First National bank of Plattsmouth who has been accused of accepting county funds for deposit without having sufficient bond to secure them. Dovey was given preliminary hearing yesterday. Attorneys for the defense contended that the state under arrested constitutional. Mia Gering. former county treasurer, who filed the charges said she had been induced to deposit by Dovey and that was not satisfactorily protected. Her action resulted in run on the bank which voluntarily closed by the board of directors.

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JUDGE WILL GIVE HIS DECISION WEDNESDAY

Bank Cashier Charged With Accepting Deposits Without a Bond.

County Judge A. H. Duxburry. Cass county announced today that he will give his decision Wednesday afternoon in the case of the state against George Dovey. cashier of the defunct First National bank of Plattsmonth. who has been accused of accepting county funds for deposit without having sufficient bonds to secure them Dovey was given a preliminary hearing yesterday Attorneys for the defense contended that the state law under which Dovey was arrested. is unconstitutional. Miss Mia V. Gering. former county treasurer. who filed the charges said she had been induced to deposit $24,000 by Dovey and that It was not satisfactorily protected Her action resulted in run on the bank which was voluntarily closed by the board of directors.

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Receiver Will Sell Bank FurniFixtures ture,

Order Granting Permission for Sale Granted in the District Court Here Today.

From Saturday's DailyThe First National bank, establishin 1871 and closed on December 1926, will soon be but part of history, as the receiver of the bank, Fred Buerstetta, has started the proceedings that will mean the cleaning out of the bank property one of the steps of liquidating the bank and winding up its affairs and distributing the assets that are realized among the depositors of the bank. Application made today by Mr. Buerstetta, the receiver, for the necessary court order that would allow the sale of the furniture, fixtures and equipment of the defunct bank. The sale will include all of the furntiure, office fixtures, clock burglar alarm system, as well as every article in the bank that is not a part of the building. The sale order also calls for the sale of the equipment Sharp machine works and the Alfa-Maize mill, which are the property of the bank. The receiver hopes to clear up this part of the bank assets before starting the disposal of the real estate and which includes the fine bank building on Main street which was erected in 1908.

There is no siack business period for the merchant who advertises his goods the year 'round.

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PEOPLE YOU KNOW.

The pledges of Alpha Delta Omega and Beta Kappa at Wesleyuniversity, met for dinner at the University club Monday evening. covers were ranged, with seventeen tives from each group. theater party followed the dinner.

Former Chief Justice Morrissey Omaha was in Lincoln Monday. He came to participate in suit federal arising out of the failure of national bank at Platts mouth.

Mr. and Mrs. H. Weaver entertained dinner their home, Hillview, Sunday evening, in honer out-of-town Mr. and Mrs. Andrew Fernberg Fort Collins, Colo., and H. Steiner Port land, Ore. Fifteen guests found their places the table appointed with clusters fall flowers in which the yellow and lavender color notes predominated. The afterdinner hours were spent with music.

Mrs. H. East, grand chief the Pythian Sisters, left for Hastings Monday night where she attend the of the Fourth district, which at that place Tuesday. She will attend like convention of the second district Omaha Thursday. Mrs East is on the program for an address at each of these meetings.

Altrusa met for dinner and business meeting Monday evening the Woodburn. Miss Beulah chairman the finance committee, reported plans for rummage sale to be held the close the week. Miss Genevieve Buncher, chairman of the program announced that guest night would be observed Oct. the University club. Miss Rose Shonka presented suggestions for meeting all Nebraska Altrusa clubs Lincoln to propose district organization, this set for Saturday

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BERGMANN JURY GIVES UP

Unable to Decide Whether Bank Receiver Is Entitled to Collect on Stock.

The jury that, went out in federal court at o'clock Thursday afternoon came in at 3 o'clock Friday with the information that it was impossible to reach verdict. The case was brought by Fred Buert stetta, receiver for the First Na tional bank of Plattsmouth, to, collect an assessment of $5,000 on bank stock held by Mr. Bergmann. The jury couldn't agree as to whether Mr. Bergmann wanted his stock canceled after he saw that the bank was in deep water, or whether he made application month before that time, and before the period in which he would have been liable as a stockholder.

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DEPOSITORS GETTING MONEY

Plattsmouth Bank Receiver Starts Paying Dividend. PLATTSMOUTH, Neb., Nov. 28. -Depositers of the First National bank of Plattsmouth are receiving percent this week the hands of Fred receiver. of 10 cent will probably be made this winter. The amount now being distributed $47,671 and it going to 671 claimants.

CANADIAN TO BE CARDINAL ROME. Nov. bishop Pouleau, of Quebec, will made cardinal at the consistory, Dec. 19, it was learned today.

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DAMAGE SUIT IS APPEALED Pavel Asks Second Hearing in Collision Case.

SEWÁRD, Neb., Nov. Baldwin sued John Pavel in the county court for $375, for damages as the result of an automobile collision. The court found the plaintiff and an appeal has been made to the district court. DEPOSITORS GETTING MONEY

Plattsmouth Bank Receiver Starts Paying Dividend. PLATTSMOUTH, Neb., Nov. 28. Depositors of the First National bank of Plattsmouth receiving percent dividend this week the hands Fred Buerstetta, ceiver. Another dividend of percent will probably be made this winter. The amount now being distributed $47,671 and it going to 671 claimants.

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Bank Receiver Gets Judgment of $11,101 receiver of the First National bank of Plattsmouth was awarded recovery of money against Louis Keil on six sued by jury federal court Thursday He was given total judg-

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Defendant Upheld in Bank Stock Case in the federal court deliberating in the case of H. J. Spurway, bank receiver. against John Bergmann, late this evening returned verdict for Bergmann The suit was brought to determine his lia. bility on 50 shares of stock in the First National bank of Plattsmouth. which Bergmann denied he ever really owned. though it was on the books of the bank in his name