First National Bank (Alliance, NE)

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of the Community

Just the miasma of the financial depression was lifting lost the beacon that lighting the way. For years the First National Bank was the Rock of Gibraltar that guided business enterprise in many the city and on the ranches and farms through the shoals of adversity onto the solid foundation of suc-

Credit pools were being established, livestock and prices going optimism dispelling the fogs of pessimism the path beginning to clear. But fear engendered by "whispers" like rushing torrent of angry water that swept its way through community and left minus oldest and largest bank.

It's more than financial calamity. It's tragedy. there any reason for the closed the bank, then nobody could raise voice in fense. the officials been guilty of any illegal had they been wasting their reserves, their cash, could honestly complain. But they had When the ten months ago the bank the very heyday its long and month ago and cool analysis institution's affairs could have

Even in face of their shattered dreams, officers the bank trying, night and day, to pick up the pieces and shape them together effort to reorganize and reopen the bank. But will they succeed?

Confidence has been shaken by rumors and fidence bank's most valuable

A little boy once stuck his thumb in small hole dyke and during the dark hours the night he stuck with his task and saved Holland. His deed will be membered long civilization lasts. But had he run from scene and yelled, are his country and his people would have been swept away.

If in charge of the First National pick the pieces that of fear destroyed, the turning will bring greater to this than the past five the to that lies the hope Alliance every individual who with- city has been developed, farms, ranches, dairies, business places have grown because the inspiration the aid tendered by the First bank. Thousands prosperous trace their directly this old and honorable institution, and this was thoughtlessly away in short space time because fear permitted to the saddle. If surmount this no power on earth can keep from our place the The will concerned. New hope spring in up the years of unselfish devoted building from way-station prosperous city of will not have been in

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Alliance Expects New National Bank

(Special to The Star.) ALLIANCE, Neb., Jan. 14—W. H. Donahue and W. Robinson, of Kansas City, national bank examiners, have completed a two weeks' examination of records of the defunct First National bank here, made following a request for a charter and new bank organization. Outcome of the report will be received from the chief examiner at Kansas City. A ruling on the request for a new charter is expected within the next two weeks, and it is believed the bank will reopen about March 1.

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Hope for Reopening of Alliance First National

Alliance, Neb., Jan. 14 Hope the National March was today following H. Donaand W. Robinsor Kansas City examination of records the failed was made follow ing of new and new bank expected the outcome of the report and decision in the granting new charter from Kansas City with in the next weeks.

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May Open Bank Soon

Reorganization of the First National bank of Alliance, which closed last fall, was practically assured Thursday in a report from an Alliance delegation which returned home after presenting petition to the chief national bank examiner at Kansas City. Another examiner is being sent to Alliance to make a further survey before definite announcement is made -Ex.

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MAY OPEN BANK SOON

Reorganization of the First Naonal Bank of Alliance which closed st fall. was practically assured Thursday in a report from an Alliince delegation which returned home after presenting petition to the chief national bank examiner at Kansas "i'y. Another examiner is being nt to Alliance to make a further rvey before definite announcement

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Up and Down The Valley

Tough Rules An interpretation of the Wyoming laws on auto license tags indicates that it is a felony to use old tags after March 1, and upon conviction of same motorist may be sent to the penitentiary. -Scottsbluff Pioneer. Receiving DividendDepositors of the defunct Irrigator's State Bank, of this city, are receiving dividend payments on their deposits at the American State bank building this week. Payments are for four per cent of the total on deposit at the bank at the time it was closed. The payment this week, according to A. E. Torgeson, receiver, totals 61 per cent. A total of $12,009.92 will be made at this time, it is announced. Certifieates of indebtedness must be presented to Mr. Torgeson at the bank building before payments can be made.-Scottsbluff Republican. Early Settler DiesAllen Bruce McCoskey, early day and much respected citizen of Scottsbluff, passed away at his home early Wednesday morning Mr. McCoskey had been ill for only a few days, suffering from influenza, which it is said, caused his death. Funeral services were conducted this afternoon at two o'clock from the Presbyterian church, of which he had been a member for many years. The Rev. E. C. Raue was in charge of the services, Masonic honors being conferred at Fairview cemetery, where interment was made. -Scottsbluff Republican. Geese Coming BackSeveral flocks of wild geese are reported to have been seen feeding in this vicinity in the last few days, having been enticed northward again by the balmy weather. An unusual sight was witnessed in town Monday morning. when four geese, attracted by the calls of Glenn Haiston's and Alfred Hartman's flock of decoys, made many circles above the pens with wings set for a landing, but their cautious instinct finally took them away to a less populous neighborhood-Broadwate News. In Bank's InterestBond. receiver of the First National bank, R. O. Reddish, Frank Abegg and Ben J. Sallows left at noon today for Kansas City, Mo., where they will appear before the chief examiner representing the comptroller of the currency in the interests of the reopening of the First National bank. They will present a revised statement of the bank's assets made from a careful survey the bills receivable and they believe that they will be accorded satisfactory hearing. Petitions signed by several thousand people in Alliance and its trade territory, both customers of the old bank and those who were not, were taken by the committee and will be presented to the examiner as vidnee of the gneral Interest taken in the plans to reopen the Alliance Herald. Rifle Artists— Piling up score of 2,326 while Gering was unable to get over 2,166, the Kimball rifle artists continued a string victories by trimming the local delegation in a match here Sunday. T. C.McSpadden was high man for the locals, while Paul Shafto and C. F. Reid were the sharpshooters for the visiting team. Gering goes to Kimball March 13 for a return match with Kimball. Shoots are being held at Gering range every Friday evening and on Sunday mornings with good attendances. -Gering Courier. New StationConstruction work on the new service station for the Western Nebraska Oil Co. was started last week and the station proper is taking form this week. Preparations are now being made for the concrete work in front of the station. Fight in Limbo— Gregorie Trego, Mexican, who is serving a one to ten years sentence n the state penitentiary for stabbing here several years ago, suffered skull fracture when he became involved in an argument

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Day by Day in Alliance

IN the opinion of this newspaper the best interests of Alliance as well as the individual depositors can be best served by the approval of the plan of liquidating the First National Bank through the organization of the new Nebraska National Bank. Men who are entirely familiar with every detail of the plan submitted by the comptroller of the currency as well as banking department officials acquiesce in this opinion.

It is possible, that an immediate liquidation of the old bank through the receivership would result in a trifle larger payment to depositors just now, but after this payment was made no more payments could be expected for some time to come. On the other hand, the schedule of payments every six months will make possible the new bank and all the advantages that such an institution would provide for the community.

Above all, if you are an interested depositor, don't accept hearsay and random opinions for authoritative facts as set out in the official statement to be found in another column of this newspaper. Read the program carefully and judge for yourself whether it is not the best business program to pursue. The men who are organizing the new bank and submitting the proposal to the depositors are themselves larger depositors in the old bank.

Many of the most successful of the livestock, farming and business men of western Nebraska have pledged up to $10,000 each to organize the new bank and to aid in an orderly liquidation of the old on the theory that this represents the best method for all concerned.

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Nebraska National Organization Work Goes Forward Fast

The opening of the Nebraska National bank replace the First National which closed its doors some time ago possible within short time depositors the bank terms which have been approved the comptroller of the eurrency and banking department. Depositors are asked assign most prominent men the liance territory are the board

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Plans Completed for Opening of Alliance Nebraska Nat'l. Bank

The opening of the Nebraska National bank is possible within three weeks, to succeed the defunct First National bank in Alliance, if the depositors in the First National agree to the plan laid out by the comptroller of currency and accepted by the banking department and stockholders. Briefly, the plan is: The new bank guarantees the payment of 50 percent of every assigned deposit. The remaining 50 percent of the total deposit will remain in separate fund supervised by national bank receiver and will remain the sole property of the depositors. This percent totals $680,000, and the face value of all the assets remaining in the hands of the receiver from which this amount can be paid total $1,100,000. It is believed that by this method the confidence of the community will be restored and each depositor will be better off than would be possible the entire assets were liquidated without any guarantee except as to collections made by the receiver.

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BANK AT ALLIANCE IS GIVEN CHARTER

June Application charter for organized Nebraska National bank here. been approved by the comptroller the currency Washington, according to word celved today from Congressman Robert The bank will replace the failed First National Bank Alliance. closed during last October. of Florence. Colo., the new president the bank. The financial will opened in about two weeks.

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TO CHARTER BANK

tion for charter for the newly organized National bank here, has been approved by comptroller the Washington to word ceived today from Congressman Robert bank will re: place the failed First National bank of Alliance which closed during last October. Rose Flor. ence, Colo. is the president of the bank The stitution will be opened in about two

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Notice of Sheriff's Sale

Notice is hereby given that by virtue of an order of sale issued by the Clerk of the District Court of the Sixteenth Judicial District of Nebraska, within and for Box Butte County, Nebraska, in an action wherein Atlas Lumber Company, a corporation, is plaintiff, and Joe Corey, Rajamohanna Corey, his wife, Clyde Elder, Ludwig I. Glarum, Newberry's Hardware Company, a corporation, John Doe, real name unknown (Ivor Meeker), Ben C. Bond, as Receiver of The First National Bank of Alliance, a corporation (substituted for The First National Bank of Alliance, Nebraska, a corporation), John H. Kane and Charles W. Rathburn are defendants, I shall at ten o'clock A. M. on the 6th day of July, 1932, at the west front door of the courthouse in the City of Alliance, Box Butte County, Nebraska, offer for sale at public auction the following described lands and tenements, to-wit:

Lot Twelve (12), Block Twenty (20), Original Town of Hemingford, in Box Butte County, Nebraska, according to the recorded amended plat thereof.

Dated at Alliance, Nebraska, June 3, 1932.

GEORGE P. JONES, Sheriff.

BOYD & METZ, Attorneys. 6-3-7-5

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FIELD DAY TODAY AT AG. STATION

Over 100 Hear Talks And Observe The Experiments

Northwestern Nebraska's Experiment Farm is conducting its second annual field day today with over one hundred visitors. Many are farmers but there are also many farm-minded city residents who are interested in this institution that experiments on what are the best varieties of crops to grow in this part of the country.

Speakers at the session this forenoon were Paul Stewart of the Agricultural College at Lincoln and John Pospisil, superintendent of the Experimental Farm. Dr. R. W. Goss of the College will speak this afternoon.

The visitors are being taken on a tour over the entire farm to notice the many plats and the progress of the experiments thereon. A picnic dinner was enjoyed at noon.

County agents present include: J. P. Ross of Scottsbluff, J. Russell

TRANSFER RECEIVER BEN BOND

Being Changed To A Point In Ohio

Ben C. Bond, receiver of the First National Bank of Alliance for the past eight months, is being transferred from Alliance. He received advices from the comptroller of the currency at Washington, D. C., today indicating that he would be sent to a point in Ohio.

Mr. Bond came to Alliance on November 3 and has had charge of the handling of the assets of the First National in the meantime. With the taking over of a large share of these by the newly organized Nebraska National Bank the work of the national receivership at this point is greatly minimized.

Information from Washington indicates that Mr. Bond will be transferred immediately. Mr. and Mrs. Bond and their two sons reside at 612 Cheyenne. Miss Agnes Engle, clerk for Mr. Bond, will also be transferred.

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Bank Receiver of Alliance Transferred

ALLIANCE, Neb., July 15 (U.P.) -Ben C. Bond, receiver for the defunct First National bank of Alliance during the past eight months, is to be transferred to Chillicothe, O., it has been learned here. The transfer was ordered by the comptroller of currency at Washington, D. C. Work for the receiver here, it was explained, was greatly Teduced through the recent transfer

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Alliance Bank Receiver Is Transferred to Ohio

Alliance, Neb., July 18.—(UP)—Ben C. Bond, receiver for the defunct First National bank of Alliance during the past eight months, is to be transferred to Chillicothe, O., it has been learned here.

The transfer was ordered by the comptroller of currency at Washington, D. C.

Work of the receiver here, it was explained, was greatly reduced through the recent transfer of 50 per cents of the assets of the failed bank to the newly organized Nebraska National bank.

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General Shake-Up In Bank Receivers

With a few changes already made in Nebraska's national bank receivers, a general shake-up is predicted by Arthur F. Mullen, democratic national committeeman. Receivers for the First National Bank of Alliance and the First Union National Bank of Fremont have been removed. Mullen said he and Congressman Edgar Howard of Columbus had recommended the removal of the receiver for the First National Bank at Craig. Commenting on the action, Mullen said, "I have objected to the way receivers were administering these banks since last March. Some have been operating on a partisan basis. Our aim is to assure fair and competent handling of trusts and other matters."